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Sisa Loans

SISA loans are one loan in a category of products called Alt-A. SISA loans are also known as no income-no asset (NINA) loans and liar loans. Loosened lending requirements allowed the SISA loan to.

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SISA loans are one loan in a category of products called Alt-A. SISA loans are also known as no income-no asset (NINA) loans and liar loans. Loosened lending requirements allowed the SISA loan to.

These funds are extended to customers in the form of an interest-free loan, which they must repay within a stipulated. by the recent data breach allegedly involving 3.2 million cards. SISA.

SISA loans are one loan in a category of products called Alt-A. SISA loans are also known as no income-no asset (NINA) loans and liar loans. Loosened lending requirements allowed the SISA loan to. This loan program is an adjustable rate mortgage with added flexibility of making one of several.

What Is An Upside Down Mortgage

The loan was supposed to be paid back in monthly installments of. During his cross-examination Sisa Namandje, appearing for the accused, mainly concentrated on Lameck’s appointment as chairperson.

A SISA loan, or stated income/stated asset loan, allows you to state both your monthly gross income and your assets. In this case, both items are simply stated, and the bank or lender will not ask you to verify the information.. Additionally, a mortgage lender will still pull your credit.

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SISA Loan (Stated Income Stated Asset) A sisa (stated income, stated assets) is a loan program were the borrower(s) state on the application what their income and assets are, but the lender does not ask for documentation for the amount stated. Stated Income, Stated Asset programs are not the same as No Documentation programs.

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There were all kinds of fanciful names for their creations: Sub-prime, Interest-only, NINA, SISA, 2/28, 3/27 and 100% loans. Name it, they have it! Indeed, the craziest loan program they conjured up.