Eligible Mortgage Loans

Requirements

Mortgage LoansMortgage LoansMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. with Preferred Equity structures must:

• be newly originated;
• be fixed rate; and
• for Hard Preferred Equity,
  • have an original principal balance of at least $10 million, and
  • be flagged for MBSMBSMortgage-Backed Security additional disclosure per Form 4098.