D4L (“Deed for Lease”) Program Criteria

· The mortgage loan is a first lien mortgage loan secured by a one- to four-unit property. All property types are eligible. Second lien mortgage loans are not eligible.

· The mortgage loan is not guaranteed or insured by a federal agency (FHA, HUD, VA, or Rural Development).

· The borrower resides in the property as a primary residence or has leased the property to a tenant who uses the property as a primary residence. Second homes or vacation homes are not eligible.

· At least three payments have been made since origination or since the last modification.

· At the time of the referral to Fannie Mae for the D4L, the borrower is not 12 or more payments past due on the mortgage loan.