Ginnie Mae Re-Performing Mortgage Loan

Example Definitions of "Ginnie Mae Re-Performing Mortgage Loan"
Ginnie Mae Re-Performing Mortgage Loan. Shall mean a FHA Loan, VA Loan or RD Loan (a) that previously was ninety (90) days or more delinquent; (b) that is not a Delinquent Mortgage Loan on or after the related Purchase Date; (c) whereby all past due payments are paid in full on and after the related Purchase Date; (d) that is not a Wet Loan; (e) that conforms to the requirements for Ginnie Mae securitization and (f) that is otherwise acceptable to Buyer in its sole discretion.
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