English Dictionary

liar loan

名詞

A mortgage loan for which the borrower made a statement of claimed income and assets which was not verified by the mortgage originator.

日本語の意味

借入者が申告した所得や資産の情報が検証されていない住宅ローン。虚偽の申告に基づくローン

The mortgage department revised its policies after uncovering that many borrowers had taken out a liar loan.

住宅ローン部門は、多くの借り手が申告した収入や資産が貸し手によって確認されていない住宅ローンを組んでいたことが判明した後、方針を見直しました。

意味（1）

A mortgage loan for which the borrower made a statement of claimed income and assets which was not verified by the mortgage originator.

“The underwriting standards declined,” said Anthony S. Piszel, Freddie Mac’s chief financial officer. “That was across the board.” / Those who made loans and expected to sell them quickly did not care much about assuring that the loans would be repaid. It turns out that the financial wizards who made it easy to transfer risk also assured that more risks would be taken. They produced innovations like Nina loans, which, Mr. Piszel said, “found their way into prime space.” / Nina loans? / The abbreviation stands for “No income, no assets.” It does not mean the loans went to people without either assets or income, only that the borrowers were not asked if they had either. I had known about “stated income” loans — also known as “liars’ loans” — in which the bank took a borrower’s word for how much he earned. But I had not realized you could borrow money without even being asked about your income.

liar loans （ plural ）