Delinquent Borrower definition
Delinquent Borrower means, with respect to any Borrower, that the related CFC Residential Mortgage Loan (a) is Seriously Delinquent on or before the Termination Date, or (b) is subject to an imminent reset or Recast and, in the reasonable view of the CFC Servicer, as a result of such reset or Recast is reasonably likely to become Seriously Delinquent on or before the Termination Date.
Delinquent Borrower means a Borrower whose mortgage payment is 60 days or more past due.