90+ Delinquent Loan definition
90+ Delinquent Loan. Any Underlying Mortgage Loan with respect to which any required monthly payment is ninety (90) or more days delinquent based on the methodology used by the Mortgage Bankers Association, which, for the avoidance of doubt, shall include any day in which such Underlying Mortgage Loan is subject to any plan of forbearance or deferral.