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 EquityPreferred EquityA direct or indirect equity investment in an entity providing that investor with preferred rights to receive dividends, distributions, payments, or returns relative to other equity owners. structures must:

• be newly originated;
• be fixed rate; and
• for Hard Preferred EquityPreferred EquityA direct or indirect equity investment in an entity providing that investor with preferred rights to receive dividends, distributions, payments, or returns relative to other equity owners. ,
  • have an original principal balance of at least $10 million, and
  • be flagged for MBSMBSMortgage-Backed Security additional disclosure per Form 4098.