Secondary Risk Mortgage Loans

For Secondary Risk Mortgage LoansSecondary Risk Mortgage LoansMortgage Loan where the Lender bears all losses until the Lender’s recourse obligations are exhausted. , if the BorrowerBorrowerPerson who is the obligor per the Note. offers to reinstate a Non-Performing Mortgage LoanNon-Performing Mortgage LoanMortgage Loan that is subject to an uncured default. at any time after a SWAT has been provided to Fannie Mae, the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. (if not the LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. with the risk of loss) will notify the LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. in writing and the LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. will make the determination of whether to allow reinstatement, subject to applicable law, and provide an updated SWAT to Fannie Mae.