source:
  type: guide
  id: fnma-sel-b5-3.4-01
  authority: Fannie Mae Selling Guide B5-3.4-01 — Property Assessed Clean Energy Loans
  description: Fannie Mae Selling Guide B5-3.4-01 — Property Assessed Clean Energy
    Loans.
  coverage_tier: operative
obligations:
- id: fnma-sel-b5-3.4-01-full
  canonical_id: fnma-sel-b5-3.4-01-full
  section: Fannie Mae Selling Guide B5-3.4-01 — Property Assessed Clean Energy Loans
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B5-3.4-01 — Property Assessed Clean Energy
      Loans
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B5-3.4-01, Property Assessed Clean Energy Loans (10/08/2025)
      Introduction This topic contains information on Property Assessed Clean Energy
      (PACE) loans, including: Overview Eligibility Reﬁnancing Options for Properties
      with a PACE Loan Delivery Requirements Overview Certain energy retroﬁt lending
      programs, often referred to as Property Assessed Clean Energy (PACE) programs,
      are made by localities to ﬁnance residential energy-related improvements and
      are generally repaid through the homeowner’s real estate tax bill. These loans
      typically have automatic ﬁrst lien priority over previously recorded mortgages.
      The terms of the Fannie Mae/Freddie Mac Uniform Security Instruments prohibit
      loans that have senior lien status to a mortgage. Eligibility Fannie Mae will
      not purchase mortgage loans secured by properties with an outstanding PACE loan
      unless the terms of the PACE loan program do not provide for lien priority over
      ﬁrst mortgage liens. Lenders must monitor state and local law to determine which
      jurisdictions oﬀer PACE loans that may provide for lien priority. If the PACE
      loan is structured as a subordinate lien or unsecured loan, the ﬁrst mortgage
      loan may be underwritten to Fannie Mae’s standard guidelines. However, for PACE
      loans originated prior to July 6, 2010, Fannie Mae waives the uniform security
      instrument prohibition against a PACE loan with lien priority if the corresponding
      mortgage loan was purchased before July 6, 2010 or is in an MBS pool with an
      issue date on or before July 1, 2010. Note: On the Form 1003 (1/2021) the borrower
      must indicate if the property will be subject to a PACE lien that will take
      priority over the ﬁrst mortgage lien in Section 5a E. The lender must indicate
      if the property is currently subject to a a PACE lien that will take priority
      over the ﬁrst mortgage lien in Section L1. Published May 6, 2026 750 Reﬁnancing
      Options for Properties with a PACE Loan The following requirements apply to
      borrowers with loans that are owned or securitized by Fannie Mae who seek to
      reﬁnance and who obtained a PACE loan prior to July 6, 2010: Paying oﬀ the PACE
      loan: The lender must ﬁrst attempt to qualify the borrower for either a cash-out
      or limited cash-out reﬁnance option, with the PACE loan being paid oﬀ as part
      of the reﬁnance. To mitigate the risk posed by PACE obligations that take lien
      priority over the mortgage, Fannie Mae requires that borrowers with suﬃcient
      equity pay oﬀ the existing PACE obligation as a condition to obtaining a new
      mortgage loan. The prohibition against using the proceeds of a limited cash-out
      reﬁnance to pay oﬀ a loan not used to purchase the property will not apply.
      Loan caseﬁles underwritten in DU as a limited cash-out reﬁnance may receive
      an Ineligible recommendation when it appears the borrower is receiving more
      than 1%/$2,000 cash back due to the payoﬀ of a PACE loan. The lender may deliver
      the loan with the Ineligible recommendation and retain the DU limited waiver
      of underwriting representations and warranties provided that the mortgage loan
      meets the requirements of this Guide, including (but not limited to) A2-2-04,
      Limited Waiver and Enforcement Relief of Representations and Warranties Retaining
      the PACE loan: If the borrower is unable to qualify for a cash-out or limited
      cash-out reﬁnance with suﬃcient proceeds to pay oﬀ the PACE loan, the lender
      may underwrite the loan as a limited cash-out reﬁnance, with the PACE loan remaining
      in place. In these cases, it will not be necessary to include the PACE loan
      in the calculation of the CLTV ratio, though it must be included in the monthly
      housing expense (PITIA) and debt-to-income calculation. Delivery Requirements
      For those eligible limited cash-out reﬁnances where the PACE loan remains in
      place, the loans must be delivered with SFC 173. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SEL-2025-08 October
      08, 2025 Announcement SEL-2020-07 December 16, 2020 Announcement SEL-2019-07
      August 07, 2019 Published May 6, 2026 751 Chapter B5-4, Property-Speciﬁc Products
      Introduction This chapter describes the policies and requirements for property-speciﬁc
      products. Section B5-4.1, General Requirements of Texas Section 50(a)(6) Loans
      B5-4.1-01, Texas Section 50(a)(6) Loans (12/19/2017) Introduction This topic
      contains information on Texas Section 50(a)(6) loans, including: Overview Lender
      Eligibility Loan Origination and Compliance Lender Certiﬁcation Lender’s and
      Servicer’s Obligations to Maintain Procedures for Curing Violations Overview
      A Texas Section 50(a)(6) loan is a loan originated in accordance with and secured
      by a lien permitted under the provisions of Article XVI, Section 50(a)(6), of
      the Texas Constitution, which allow a borrower to take equity out of a homestead
      property under certain conditions. Lender Eligibility Unless otherwise notiﬁed
      in writing, all lenders are eligible to sell and/or service Texas Section 50(a)(6)
      loans as long as the lender meets the eligibility criteria speciﬁed in Texas
      Constitution Section 50(a)(6). A lender that intends to sell Texas Section 50(a)(6)
      loans originated by a third-party originator is also responsible for ensuring
      that the originating lender qualiﬁes as an “authorized lender” under Texas Constitution
      Section 50(a)(6). Loan Origination and Compliance In addition to Fannie Mae''s
      other origination and compliance requirements for Texas Section 50(a)(6) loans
      in Published May 6, 2026 752 this chapter, lender agrees to the following: ✓
      Requirement The borrower’s ﬁrst payment must be due no later than two months
      after closing. For purposes of the compliance with the acknowledgment of the
      "fair market value" of the homestead property requirement, the "fair market
      value" must be based on an appraisal and the appraisal must be attached to the
      written acknowledgment. See B5-4.1-03, Texas Section 50(a)(6) Loan Underwriting,
      Collateral, and Closing Considerations for Fannie Mae''s appraisal requirements.
      The proceeds from a Texas Section 50(a)(6) loan must not be used to acquire
      or improve the homestead if a loan for that purpose could have been made under
      a diﬀerent provision of the Texas Constitution. Fannie Mae has no other restrictions
      on the use of the loan proceeds. If the new loan is a Texas Section 50(a)(6)
      loan reﬁnance transaction originated to cure a failure in the original loan
      to comply with Texas Constitution Section 50(a)(6), then the new loan is eligible
      for sale to Fannie Mae provided that it complies in all respects with Fannie
      Mae’s requirements. However, unless a reﬁnance transaction has been completed
      to cure a failure in the original loan transaction to comply with Texas Constitution
      Section 50(a)(6), a Texas Section 50(a)(6) loan is ineligible for sale to Fannie
      Mae if the lender has either identiﬁed or been notiﬁed by the borrower of a
      failure to comply, whether or not there has already been a cure or an attempt
      to cure the failure to comply. DU does not contain the speciﬁc eligibility rules
      needed to determine eligibility of Texas Section 50(a)(6) loans under Texas
      Constitution Section 50(a)(6) or the Selling Guide. Lenders must determine whether
      reﬁnance loans secured by properties in Texas are eligible for sale to Fannie
      Mae, and should be aware that even though a loan may receive an “Eligible” recommendation,
      the loan may not comply with Texas Constitution Section 50(a)(6) or be eligible
      for delivery according to Texas Constitution Section 50(a)(6) or the Selling
      Guide. Lender Certiﬁcation By sale of a Texas Section 50(a)(6) loan to Fannie
      Mae, the lender represents, warrants, and certiﬁes that with respect to all
      of the Texas Section 50(a)(6) loans delivered to Fannie Mae, whether or not
      originated by the lender: All Texas Section 50(a)(6) loans were originated pursuant
      to written processes and procedures that comply with the provisions of the Texas
      Constitution applicable to mortgage loans. The lender has in place a speciﬁc
      process for the receipt, handling, and monitoring of notices from Published
      May 6, 2026 753 borrowers that lender (or the mortgage originator, if lender
      is the servicer but not the originator) failed to comply with the provisions
      of the law applicable to Texas Section 50(a)(6) loans. Such process must be
      adequate to ensure that the lender will correct the failure to comply by one
      of the authorized means no later than the 60th day after the date the lender
      is notiﬁed of the failure to comply by the borrower. An attorney familiar with
      the provisions of Texas Constitution Section 50(a)(6) was consulted in connection
      with the development and implementation of the processes and procedures used
      for the origination of the Texas Section 50(a)(6) loans. To ensure ongoing compliance
      with the law applicable to loans authorized by Texas Constitution Section 50(a)(6),
      the processes and procedures used for the origination of the Texas Section 50(a)(6)
      loans will be reviewed by the lender regularly and will be updated and revised,
      as appropriate pursuant to clariﬁcations of the law, on a regular and continual
      basis. Lender’s and Servicer’s Obligations to Maintain Procedures for Curing
      Violations Lenders and servicers must have speciﬁc processes in place to cure
      any failure to comply with Texas Constitution Section 50(a)(6) identiﬁed with
      respect to a loan sold to or serviced on behalf of Fannie Mae by one of the
      authorized means, as required by the “Lender Certiﬁcation” requirements described
      above. A lender’s or servicer’s failure to cure within 60 days after being notiﬁed
      of a failure to comply may, under Texas law, result in the forfeiture of all
      principal and interest due under the Texas Section 50(a)(6) loan. However, any
      action taken, or not taken, in connection with a failure to comply with Texas
      Constitution Section 50(a)(6), even if such action is a result of the lender’s
      or servicer’s eﬀort to cure a failure to comply, that results in any of the
      following constitutes a breach of the lender’s selling representations and warranties
      and/or servicing obligations and requirements: a forfeiture of any principal
      or interest due under the mortgage loan; invalidation of the mortgage as a ﬁrst
      lien; abatement of accrual of interest and the borrower’s obligations under
      the mortgage loan; reduction in the principal amount of the mortgage loan; or
      any modiﬁcation of the amount, interest rate, term, or other provision of the
      mortgage loan. Such action, taken or not taken, shall be deemed a failure to
      correct a signiﬁcant defect and/or a servicing defect that permits Fannie Mae
      to exercise any of the remedies provided in the Lender Contract, including the
      right to require repurchase of the loan. If the lender or servicer receives
      notice from a borrower that a lender (or the mortgage originator, if the lender
      or the servicer is not the originator) failed to comply with Texas Constitution
      Section 50(a)(6), the lender or servicer must immediately, but no later than
      seven business days after receipt, take the following actions: inform Fannie
      Mae’s Legal department by submitting a Non-Routine Litigation (Form 20) and
      include the borrower notice in its submission; and, collaborate with Fannie
      Mae on the appropriate response, including any cure that may be necessary, within
      the 60-day-time frame provided by the requirements of Texas Constitution Section
      50(a)(6). Recent Related Announcements There are no recently issued Announcements
      related to this topic. Published May 6, 2026 754 B5-4.1-02, Texas Section 50(a)(6)
      Loan Eligibility (12/16/2020) Introduction This topic contains information on
      Texas Section 50(a)(6) loan eligibility, including: Reﬁnance Classiﬁcations
      Eligible Loan Products and Transaction Types Texas Section 50(a)(6) Loan Security
      Property Reﬁnance Classiﬁcations Lenders should be aware that Fannie Mae’s classiﬁcation
      of loan transactions as “cash-out reﬁnance” or “limited cash-out reﬁnance” may
      diﬀer from the way loans are classiﬁed under Texas law. Lenders should not rely
      on Fannie Mae’s categorization of reﬁnance loans for purposes of determining
      whether compliance with the provisions of Texas Constitution Section 50(a)(6)
      is required. Rather, such lenders should consult with their counsel to determine
      the applicability of Texas Constitution Section 50(a)(6) to a particular loan
      transaction. Texas law determines whether or not a loan is a Texas Section 50(a)(6)
      loan, and Fannie Mae’s policy determines whether the loan must be delivered
      as a cash-out reﬁnance transaction or as a limited cash-out reﬁnance transaction.
      The lender is responsible for determining: the applicability of Texas Constitution
      Section 50(a)(6) regardless of Fannie Mae’s deﬁnitions of cash-out and limited
      cash-out reﬁnance transactions; and if the loan should be delivered to Fannie
      Mae as a cash-out reﬁnance or a limited cash-out reﬁnance transaction, including
      the applicable special feature codes and payment of all applicable LLPAs. All
      loans that constitute Texas Section 50(a)(6) loans under Texas law must comply
      with these provisions, regardless of whether the loan is classiﬁed as a “cash-out
      reﬁnance” or “limited cash-out reﬁnance” in the Selling Guide. See B5-4.1-03,
      Texas Section 50(a)(6) Loan Underwriting, Collateral, and Closing Considerations
      For any reﬁnance of a Texas Section 50(a)(6) loan that results in a loan originated
      in accordance with and secured by a lien permitted by Article XVI, Section 50(a)(4)
      of the Texas Constitution, an aﬃdavit referenced in Section 50(f-1) Article
      XVI of the Texas Constitution must be prepared and recorded in connection with
      each such transaction. Eligible Loan Products and Transaction Types Texas Section
      50(a)(6) loans must be fully amortizing loans with payments due on a monthly
      basis. The following are eligible as Texas Section 50(a)(6) loans: Published
      May 6, 2026 755 ﬁrst lien mortgages only; ﬁxed-rate loans; and ﬁve-, seven-,
      and ten-year ARM plans (4927, 4928, and 4929 Texas 50(a)(6), respectively).
      Note: These ARM plans should be structured in the same way that they are for
      other loans, except that the loan may not be assumable at any time over its
      full term. Only the ARM plans listed above are eligible, due to the MBS disclosure
      impact resulting from the non-assumable nature of these ARMs. The following
      are not eligible as Texas Section 50(a)(6) loans: loans that are not in ﬁrst-lien
      position, ARM plans not listed above, and loans with temporary interest rate
      buydowns. Texas Section 50(a)(6) Loan Security Property A Texas Section 50(a)(6)
      loan must be secured by a single-unit principal residence constituting the borrower’s
      homestead under Texas law. Loans secured by two- to four-unit properties, investment
      properties, or second homes are not eligible. The security property may be a
      detached dwelling, an attached dwelling, a unit in a PUD project, a unit in
      a condo project, or a manufactured home. (A manufactured home is eligible only
      if it is classiﬁed as real property under Texas law, and satisﬁes all special
      Fannie Mae eligibility criteria for manufactured homes.) The borrower’s homestead
      property may not exceed the applicable acreage limit as determined by Texas
      law when the Texas Section 50(a)(6) loan is originated. A borrower that owns
      adjacent land must submit appropriate evidence, such as a survey, that the mortgaged
      homestead property is a separate parcel that does not exceed the permissible
      acreage. Note: An inter vivos revocable trust that meets Fannie Mae''s borrower
      eligibility criteria (as described in B2-2-05, Inter Vivos Revocable Trusts),
      may be a borrower under a Texas Section 50(a)(6) loan, provided that the trust
      meets the requirements for a "qualifying trust" under Texas law for purposes
      of owning residential property that qualiﬁes for the homestead exemption. Recent
      Related Announcements The table below provides references to recently issued
      Announcements that are related to this topic. Published May 6, 2026 756 Announcements
      Issue Date Announcement SEL-2020-07 December 16, 2020 Announcement SEL-2020-02
      April 01, 2020 B5-4.1-03, Texas Section 50(a)(6) Loan Underwriting, Collateral,
      and Closing Considerations (03/04/2026) Introduction This topic contains information
      on Texas Section 50(a)(6) loan underwriting, collateral, and closing considerations,
      including: LTV/CLTV Ratios Underwriting Property Valuation and Survey Loan Documentation
      Title Insurance LTV/CLTV Ratios Per Texas law, the maximum allowable LTV and
      combined LTV for any Texas Section 50(a)(6) loan is 80%, notwithstanding any
      conﬂicting provisions of this Guide or any speciﬁc DU recommendation or ﬁnding.
      HELOC subordinate ﬁnancing is not permitted, hence a maximum HCLTV ratio is
      not applicable. Underwriting Texas Section 50(a)(6) loans are eligible for the
      reduced documentation requirements recommended by DU, provided that all other
      terms and conditions described herein for Texas Section 50(a)(6) loans shall
      apply. For a Texas Section 50(a)(6) loan that represents the reﬁnance of a prior
      Texas Section 50(a)(6) loan, the borrower must requalify even if the lender
      is currently servicing the existing loan that is being reﬁnanced. Manually underwritten
      Texas Section 50(a)(6) loans are subject to minimum credit score requirements
      per the Selling Guide, based on the transaction as either a cash-out reﬁnance
      or a limited cash-out reﬁnance, as applicable. Published May 6, 2026 757 Property
      Valuation and Survey Lenders must obtain a new appraisal to determine the property''s
      current value even if DU oﬀers value acceptance, or a value acceptance + property
      data option. If the appraisal is deemed deﬁcient, refer to Guidance on Addressing
      Appraisal Deﬁciencies in B4-1.3-12, Appraisal Quality Matters. The appraisal
      (together with any applicable desk review or ﬁeld review) must be attached to
      the written acknowledgment of "fair market value". Note: When a desk review
      or ﬁeld review is requested by the lender in connection with a Texas Section
      50(a)(6) loan, it must be obtained prior to the date of the note and mortgage.
      The appraisal for the property and the acknowledgment of fair market value must
      not include any property other than the homestead. The survey (or other acceptable
      evidence) must demonstrate that: the homestead property and any adjacent land
      are separate parcels, and the homestead property is a separately platted and
      subdivided lot for which full ingress and egress is available. The lender selling
      the loan to Fannie Mae must not have any interest (such as an option to purchase,
      a security interest, or an easement) in any parcel adjacent to the homestead
      property that is owned by the borrower, if such interest could constitute additional
      security for the Texas Section 50(a)(6) loan. Loan Documentation There is a
      special security instrument, notes, and riders that must be used in connection
      with Texas Section 50(a)(6) loans and a special aﬃdavit that must be prepared
      and recorded in connection with each Texas Section 50(a)(6) loan transaction.
      Lenders must use the following documents: Texas Home Equity Security Instrument
      (First Lien) (Form 3044.1) the speciﬁc Texas Section 50(a)(6) loan notes and
      riders, and Texas Home Equity Aﬃdavit and Agreement (First Lien) (Form 3185)
      Because of the complexities involved in closing Texas Section 50(a)(6) loans,
      lenders must provide the title company with a detailed closing instruction letter
      and require an acknowledgment of its receipt. The closing instructions must
      require the title company to conduct its closings properly to ensure compliance
      with Texas Constitution Section 50(a)(6). To assist in this endeavor, the Texas
      Home Equity Aﬃdavit and Agreement First Lien (Form 3185) must be prepared and
      recorded in connection with each Texas Section 50(a)(6) loan transaction. Fannie
      Mae suggests that a lender also require each borrower to sign a closing receipt
      that itemizes the documents that they received at closing. For additional Texas
      Section 50(a)(6) loan documentation (also called “Texas Home Equity” documentation)
      refer to Standard Texas Home Equity Notes (under Standard Instruments). Note:
      Texas Section 50(a)(6) loans are not eligible for delivery as eMortgages. Published
      May 6, 2026 758 Title Insurance For all Texas Section 50(a)(6) loans, a title
      insurance policy written on Texas Land Title Association forms (standard or
      short form), supplemented by an Equity Loan Mortgage Endorsement (Form T-42)
      and a Supplemental Coverage Equity Loan Mortgage Endorsement (Form T-42.1),
      is required. Note: There may be no exceptions or deletions to the coverage provided
      by Paragraphs 2(a) through (e) (other than an exception or deletion relating
      to the exclusion of agricultural homestead property) of the T-42 endorsement.
      The endorsement must include the optional coverage provided by Paragraph 2(f),
      as well as the additional coverage provided by Endorsement T-42.1. The title
      insurance policy cannot include language that: excludes coverage for a title
      defect that arises because ﬁnanced origination expenses are held not to be “reasonable
      costs necessary to reﬁnance”, or deﬁnes the “reasonable costs necessary to reﬁnance”
      requirement as a “consumer credit protection” law since the standard title policy
      excludes coverage when lien validity is questioned due to a failure to comply
      with consumer credit protection laws. Recent Related Announcements The table
      below provides references to recently issued Announcements that are related
      to this topic. Announcements Issue Date Announcement SEL-2026-02 March 04, 2026
      Announcement SEL-2025-07 September 03, 2025 Announcement SEL-2023-02 March 01,
      2023 Announcement SEL-2019-07 August 07, 2019 Announcement SEL-2019-04 May 01,
      2019 B5-4.1-04, Texas Section 50(a)(6) Loan Delivery and Servicing Published
      May 6, 2026 759 Considerations (12/19/2017) Introduction This topic contains
      information on Texas Section 50(a)(6) loan delivery considerations, including:
      Special Feature Codes and Pricing Servicing Special Feature Codes and Pricing
      All Texas Section 50(a)(6) loans must be identiﬁed at delivery with SFC 304.
      In addition, the lender must enter the following special feature codes at loan
      delivery: SFC 003 for each Texas Section 50(a)(6) loan that is classiﬁed as
      a cash-out reﬁnance under Fannie Mae’s policy, and SFC 007 for each Texas Section
      50(a)(6) loan that is classiﬁed as a limited cash-out reﬁnance under Fannie
      Mae’s policy. If the lender determines that a loan secured by a mortgage on
      a homestead property in Texas is classiﬁed as a cash-out reﬁnance per this Guide
      but is not a Texas Section 50(a)(6) loan, then the loan should be delivered
      as a standard (non-Texas Section 50(a)(6) loan) cash-out reﬁnance transaction
      and should not be identiﬁed with SFC 304. At delivery, all Texas Section 50(a)(6)
      loans that are classiﬁed as cash-out reﬁnance transactions are subject to the
      loan-level price adjustments applicable to cash-out reﬁnance loans per the Lender
      Contract. Servicing A lender that delivers a Texas Section 50(a)(6) loan to
      Fannie Mae may either service the loan, enter into a subservicing arrangement
      with another lender, or assign the servicing concurrent with its delivery to
      Fannie Mae. Except as otherwise noted in the Selling Guide or Servicing Guide,
      standard Fannie Mae servicing requirements apply to Texas Section 50(a)(6) loans.
      Recent Related Announcements There are no recently issued Announcements related
      to this topic. Section B5-4.2, Other Property-Speciﬁc Products Published May
      6, 2026 760 B5-4.2-01, Native American Conventional Lending Initiative (NACLI)
      (06/26/2012) Introduction This topic contains information on Native American
      Conventional Lending Initiative (NACLI), including: Overview Lender Eligibility
      Eligibility Requirements Special Feature Codes Overview As part of Fannie Mae’s
      commitment to oﬀering conventional loan products to address special housing
      needs of the underserved, Fannie Mae developed its set of Native American conventional
      Housing Initiatives. Through these initiatives, Fannie Mae purchases conventional
      mortgages that are made to Native Americans. Lender Eligibility Any lender that
      is interested in participating in NACLI must obtain separate approval from Fannie
      Mae. Upon approval, the lender will obtain the applicable set of terms and conditions
      that may vary for the speciﬁc tribal community. Eligibility Requirements Tribes
      that have jurisdiction over lands restricted to tribal members are eligible.
      Before any lending may take place, a tribe’s ordinances must be reviewed to
      ensure that there is appropriate support for mortgage lending. This includes
      Fannie Mae’s conﬁrmation that the tribe has appropriate ordinances involving
      such issues as the recording of mortgages, resale, lien priority, foreclosure,
      and eviction. Special Feature Codes A lender must report SFC 221 for a mortgage
      originated under NACLI when it delivers a mortgage originated under Fannie Mae’s
      Native American Housing Initiatives. In addition, the lender should report all
      other applicable special feature codes that are needed to describe other special
      mortgage characteristics. Recent Related Announcements Published May 6, 2026
      761 There are no recently issued Announcements related to this topic.'
  judgment: false
