SCHEDULE RC-N -- PAST DUE AND NONACCRUAL LOANS, …

the loans in a transfer accounted for as a sale, FASB Statement No. 140 requires the bank to bring individual delinquent GNMA loans that it previously accounted for as sold back onto its books as loan assets when, under the GNMA Mortgage-Backed Securities Guide, the loan meets GNMA's specified delinquency criteria and is eligible for repurchase. ................
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