UNSALABLE LOANS definition
UNSALABLE LOANS. All Mortgage Loans that are not Securitizable Loans, Corporate Finance Loans or Non-Performing Loans. Unsalable Loans shall include bankruptcies which do not meet the definition of Non-Performing Loans (i.e., "current bankruptcies") and Mortgage Loans that as of the Cut-Off Date have legal deficiencies or credit deficiencies which prevent sale to a securitization and which deficiencies remain uncorrected through the MLPA Closing Date.