DTI. Loan Amounts > $3,000,000 Grade. Only Available in the following states: CA, IL, FL, NJ, MD, VA, DC, WA Housing. Full Doc 12 mo & 24 mo

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1 Just Missed Agency Full Doc Bank Statements 24 Months 12 Months 24 Months 12 Months Purchase & R/T Purchase & R/T Purchase & R/T Purchase & R/T 720+ <=1,0,000 6 months 95*/ ,0,001 2,0, months 95*/ ,0,001 3,000, months 3,000,001 4,000, months 4,000,001 5,000, months 5,000,001 7,0, months 7,0,001 10,000, months <=1,0,000 6 months ,0,001 2,0, months 85 2,0,001 3,000, months 3,000,001 4,000, months 4,000,001 5,000, months 5,000,001 7,0, months ,0,001 10,000, months <=1,0,000 6 months ,0,001 2,0, months 85 2,0,001 3,000, months 3,000,001 4,000, months 4,000,001 5,000, months <=1,0,000 6 months ,0,001 2,0, months 2,0,001 3,000, months *95% LTV restricted to Purchase, Primary Residence, SFD, > conforming balance, max DTI of 35%. Grade Restrictions DTI s > $3,000,000 Grade LoanStream Select A+ 43% Max DTI Housing 0x30x24 0x30x12 Bank Statement 12 mo & Cash Out limited to the lower of % of property value or $3,000,000 Credit Event (BK/FC/SS/DIL) % Max DTI Property Types: SFR, PUD and Warrantable Condos Min 0 6 Full Doc 12 mo & Max LTV: Purchase & R/T 95* / 90 Max LTV/CLTV: 85% Max 10 Acres Max LTV: Cash Out NA 12 months 85 See Grid % Max DTI Impounds are required (See guideline for waiver) Residual Income Max DTI $3,000/mo +$2 1st dep +$125 ea addl 43% 95* / 90 $2,0/mo +$2 1st dep +$125 ea addl** See DTI Grid 12 Mo Max LTV/CLTV: 85% Primary Residence Only Max 3,000,000 10,000,000 FTHB not permitted 20 financed properties including subject Purchase, R/T, and Debt Consol Only Add 2 months reserves for each additional financed property (including 5/1 LIBOR ARM 1 YR LIBOR 3.5 % Margin/Floor 2/2/5 1 YR LIBOR 3.5 % Margin/Floor 2/2/5 Residual Income: $3,000 + $2 for departure residence). Total reserve requirement is not to exceed 12 mo 7/1 LIBOR ARM 1 YR LIBOR 3.5 % Margin/Floor 5/2/5 1 YR LIBOR 3.5 % Margin/Floor 5/2/5 1st dep +$125 ea addl Residency US Citizen & Permanent Resident Alien US Citizen, Perm and Non perm Resident Alien Additional Restrictions Interest Only Debt Consolidation Refinance Full Doc 12 mo IO Period: 120 Months Transactions where mortgage & non mortgage debts are paid off and Full Doc 12 mo Bank Statement IO Amort Term (3 240) monthly debt payments are lowered by at least 10% and Closing Costs Bank Statement Bank Statement 12 mo Loan Term: 4 or 3 mo are recouped within months. Cash in hand may not exceed $5,000 or 2% Not Allowed: gift funds, 40yr IO Max LTV/CLTV: 90% of the loan. Required: Impounds for IO based on IO pmt Cash in hand may be used to meet reserve requirements for loans meeting Cash Out Limit the Debt Consolidation definition Other LTV/CLTV Limits (% property Value) Condo: 85% Program Min: $1,000 Program Max: % Rate & Term Refinance Non Warr Condo: % Non Warr Condo Max: $1,5MM Loan Amnt > $1MM: % Reserve req waived when mo payments are reduced >=10% 2 4 Unit: 85% s>$1.5mm Loan Amnt > $3MM: % Rural Property: % require 2 appraisals Condo: % Second Home: % 2 4 Unit: % Interested Party Contributions LTV>=: 4% LTV<: 6% Max LTV % when loan has an IPC Max Acreage 15 Acres (See guideline) 1

2 Expanded Owner Occupied or Second Homes Full Doc Bank Statements 24 Months 12 Months VOE Program 24 Months 12 Months Purch / RT Refi Purch / RT Purch / RT Refi Refi Purch / RT Refi Purch / RT Refi 2 months months months months ,0,001 2,000,000 6 months months ,000,001 3,000, months 12 months 3,000,001 4,000, months 12 months 4,000,001 5,000, months 12 months 5,000,001 7,0, months NA NA 12 months 7,0,001 10,000, months 45 NA NA 12 months months months months months ,0,001 2,000,000 6 months months ,000,001 3,000, months 12 months 3,000,001 4,000, months 12 months 4,000,001 5,000, months 12 months months months months months ,0,001 2,000,000 6 months months months months months months ,0,001 2,000,000 6 months 6 months months months months 6 months months 4 months 6 months 6 months Grade Restrictions DTI Grade A B B C 43% Max DTI Housing 1x30x12 0xx12 0x90x12 1x120x12 Full Doc 12 mo BK (Chap 13 Discharge) 12 mo Settled Settled Settled Bank Statement 12 mo BK (Other) 12 mo Settled % Max DTI Foreclosure 12 mo Settled Short Sale/DIL Settled Settled Bank Statement Min % Max DTI Max LTV: Purchase & R/T Max LTV: Cash Out Mo Not Allowed: IPC, Cash out Max LTV/CLTV: Max 10,000,000 1,0,000 1,000,000 1,000,000 Primary Residence Only First Time Home Buyer not permitted 5/1 LIBOR ARM 1 YR LIBOR 4.0 % Margin/Floor 2/2/5 1 YR LIBOR 4.0 % Margin/Floor 2/2/5 1 YR LIBOR 5.0 % Margin/Floor 2/2/5 1 YR LIBOR 5.0 % Margin/Floor 2/2/5 Purchase, R/T Refi, and Debt Consol Only 7/1 LIBOR ARM 1 YR LIBOR 4.0 % Margin/Floor 5/2/5 1 YR LIBOR 4.0 % Margin/Floor 5/2/5 1 YR LIBOR 5.0 % Margin/Floor 5/2/5 1 YR LIBOR 5.0 % Margin/Floor 5/2/5 Residual Income: $3,000+$2 1st dep+$125 ea addl Full Doc 12 mo Full Doc 12 mo Bank Stmt Bank Stmt 12 mo Bank Stmt Bank Stmt 12 mo Asset Utilization Full Doc 12 mo Full Doc VOE Program Full Doc VOE Program Bank Statement Min 6 Credit Max LTV Purch and R/T only Interest Only Cash Out Limit (% property Value) Second Homes IO Period: 120 Months Program Max: % Max LTV/CLTV: % Impounds are required (See guideline for waiver) 20 financed properties including subject Qualifying Term: Amort Term (3 240) Loan Amnt > 1MM: % Min : 0; Ln Amt > $2M 6 Add 2 months reserves for each additional financed property. Loan Term: 4 or 3 mo Condo: % A, B, & B Grades Only Total reserve requirement is not to exceed 12 months A & B Grades Only 2 4 Unit: % Foreign National, see FN tab LSM exposure to a single borrower $5MM or 6 properties Max LTV/CLTV: 90% Residual Income: $2,0 > $3,000,000 Min : 0 Program Min: $100,000 +$2 for the first dependent for IO based on IO pmt Non Warrantable Condo Max: $1,0,000 +$125 for each additional dependent Cash Out limited to the lower of % of property value or $3,000,000 s < $1k: % Max LTV/CLTV Residual Income Property Types: SFR, PUD & Warrantable Condos (Condos available in FL only. FL Condos limited to Other LTV/CLTV Limits s>$1.5mm require 2 appraisals $1,2 /mo % LTV) Condo: % ITIN + $2 for the first dependent Debt Consolidation Refinance 2 4 Unit: % Maximum : $1,0,000 Min: $1,000 +$125 for each additional dependent. Transactions where mortgage & non mortgage debts are paid off and monthly debt payments are lowered by at least 10% Rural Property: % Maximum LTV/CLTV: 85% and Min : 620 Interested Party Contributions and Closing Costs are recouped within months. Cash in hand may not exceed $5,000 or 2% of the loan amt. Loan Amnt<1k: % Full Doc or 24 Mo Bank Statement Only LTV>=: 4% LTV<: 6% R/T Refi LTVs available for Debt Consolidation loans. LTV/CLTV capped at 85% Interest Only: 85% VOE Program Cash in hand may be used to meet reserve requirements for loans meeting the Debt Consolidation definition Cash out: 85% Grade A & B only; Min 620; Max Loan Amt: $5M Residency Reserve requirements reduced to 1 month for all income document types when all of the above meet Second Home: % Written VOE must be obtained by LSM US Citizen Max Acreage MaxLTV/CLTV Purch or R/T: % and C/O: % Permanent & Non Permanent resident alien Rate & Term Refinance 15 Acres FTHB % Max LTV See FN matrix for 2nd Home options Reserve requirements are waived when monthly payments are reduced by at least 10% 2

3 Expanded - Investment Full Doc Bank Statements 24 Months or 12 Months Program 24 Months OR 12 Months Purch / RT Refi Purch / RT Refi months 1,000,001-1,0, months 1,0,001-3,000, months 3,000,001-4,000, months 4,000,001-5,000, months 5,000,001-10,000, months months 1,000,001-1,0, months 1,0,001-3,000, months 3,000,001-4,000, months 4,000,001-5,000, months 5,000,001-10,000, months months 1,000,001-1,0, months 1,0,001-3,000, months months 1,000,001-1,0, months 1,0,001-2,000, months months months NA NA Grade Restrictions s > $3,000,000 Grade Housing BK (Chap 13 Discharge) LoanStream Select 0x30x24 A 1x30x12 12 mo B 0xx12 Settled B- 0x90x12 Settled Cash-Out limited to the lower of % of property value or $3,000,000 Property Types: SFR, PUD & Warrantable Condos Max 10 acres BK (Other) Foreclosure 12 mo 12 mo Short Sale/DIL Settled Min Impounds are required (See guidelinge for waiver) Max LTV: Purchase & R/T Max LTV: Cash-Out NA Loans considered high-cost by Federal or State law not allowed Max DTI 43% See DTI Grid See DTI Grid See DTI Grid Max 5/1 LIBOR ARM 3,000,000 1 YR LIBOR - 5 % Margin/Floor - 2/2/5 10,000,000 1 YR LIBOR - 5 % Margin/Floor - 2/2/5 1,0,000 1 YR LIBOR - 5 % Margin/Floor - 2/2/5 1,000,000 1 YR LIBOR - 6 % Margin/Floor - 2/2/5 No limit on financed properties Add 2 months reserves for each additional financed property (including departure residence). Total reserve requirement is not to exceed 12 mo 7/1 LIBOR ARM Bank Stmt - Bank Stmt - 12 mo Full Doc - Full Doc - 12 mo Full Doc - VOE Program Full Doc - 12 mo Full Doc - 12 mo Bank Stmt - Terms up to 5 Years are acceptable. The following structures are acceptable: 1 YR LIBOR - 5 % Margin/Floor - 5/2/5 1 YR LIBOR - 5 % Margin/Floor - 5/2/5 1 YR LIBOR - 5 % Margin/Floor - 5/2/5 1 YR LIBOR - 6 % Margin/Floor - 5/2/5 Full Doc - Full Doc - Full Doc - 12 mo Full Doc - Prepayment Penalty (PPP) 12 months See Grid See Grid See Grid - 6 months of interest on the amount of the prepayment that exceeds 20% of the original Residency US Citizen & Permanent Resident Alien See Guidelines See Guidelines See Guidelines principal balance Additional Restrictions Not Allowed: Cash-out or Gift funds - 3%, 4%, or 5% for the term of the penalty Required: Impounds & 3 yr PPP - Declining structures that do not exceed 5% and do not drop below 3% in the first Interest Only Other LTV/CLTV Limits Cash-Out Limit (% property Value) - 3 years (5%/4%/3%/2%/1%, 5%/4%/3%, etc) Penalties not available in New Mexico and loans vested to individuals in New Jersey IO Period: 120 Months Condo: % Program Max: % ITIN Residency IO qualifies at fully amortized pmt over 240 mos 2-4 Unit: % Loan Amnt > 1MM: % Max LTV/CLTV: % Min : 620 Max DTI: 43% US Citizen Loan Term: 3 mo (40 yr IO not avail) Rural Property: % Condo: % Max Loan Amt: $1,0,000 Min: $1,000 Perm & Non-Permanent resident alien A & B Grades Only Loan Amnt<1k: % 2-4 Unit: % Full Doc and 24 Mo bank stmnt only See FN matrix for Investment options Max LTV/CLTV: % Interest Only: % based on IO pmt Interested Party Contributions All LTV's: 3% DTI Max DTI: % (full doc) 43% (Bnk Stmt) Min : 0 Bank Statements Program Min: $,000 Max Acreage Asset Utilization Min credit: 640 Maxt DTI: 43% Non-Warr Condo Max: $1.5MM 10 Acres Min 6 Credit Purch or R/T only s < $1k: % Max LTV/CLTV Max LTV No non-occ co-borr s>$1.5mm require 2 appraisals 3

4 Expanded DSCR >= Purchase Rate/Term Purchase Rate/Term 0+ 1,0,001 2,000,000 2,000,001 3,000,000 3,000,001 4,000,000 4,000,001 5,000,000 5,000,001 10,000, ,0,001 2,000, Months 2,000,001 3,000, Months <=0, Months Program Restrictions Income s > $3,000,000 Grade LoanStream Select DSCR Debt Service Coverage Ratio (DSCR) Housing 0x30x24 0x30x12 Gross Income/PITIA Cash Out limited to the lower of % of property value or $3,000,000 BK (Chap 13 Discharge) 12 mo Transaction qualified on cash flow of the subject property Property Types: SFR, PUD & Warrantable Condos Max 10 Acres BK (Other) 36 mo Gross Income: Lower of Estimated Market Rent from Form 1007 and monthly rent from an Foreclosure 36 mo existing lease (If lease amount higher, may be utilized with two months proof of receipt) Short Sale/DIL Min Investor Experience Impounds are required (See guideline for waiver) Max LTV: Purchase Experienced Investor Max LTV: R/T A borrower who has owned 2 or more properties for greater than the most recent 12 mos or has Max LTV: Cash Out NA tradelines for other mortgage loans that reflect on credit report. May have been sold or paid in full within the last 36 mos (Primary can be included) No limit on financed properties Max 3,000,000 10,000,000 First Time Investor Add 2 months reserves for each additional financed property (including departure residence). A borrower that does not meet the Experienced Investor criteria. First Time Investors must have Total reserve requirement is not to exceed 12 mo 3/1 LIBOR ARM NA 1 YR LIBOR 6 % Margin/Floor 2/2/5 owned a residence (primary or rental) for a minimum of the most recent 12 months. 5/1 LIBOR ARM 1 YR LIBOR 6 % Margin/Floor 2/2/5 1 YR LIBOR 6 % Margin/Floor 2/2/5 Maximum LTV/CLTV is %; No Gift funds permitted; Minimum 620 7/1 LIBOR ARM 1 YR LIBOR 6 % Margin/Floor 5/2/5 1 YR LIBOR 6 % Margin/Floor 5/2/5 12 months See Grid Residency Prepayment Penalty DSCR >=1.3 See DSCR Grid Above US Citizen Terms up to 3 years available for 3 Year ARMs. Otherwise terms up to 5 Years are acceptable. Not Allowed: Cash-out Permanent & Non Permanent resident alien The following structures are acceptable Additional Restrictions Required: Impounds & 3 yr PPP Cash Out Limit (% property value) See FN matrix for Investment options 6 months of interest on the amount of the prepayment that exceeds 20% of the original Residency US Citizen & Permanent Resident Alien Program Max: % ITIN principal balance Loan Amnt > 1MM: % Not Allowed 3%, 4%, or 5% for the term of the penalty Interest Only Condo: % Declining structures that do not exceed 5% and do not drop below 3% in the first IO Period: 120 Months based on IO pmt 2 4 Unit: % Interested Party Contributions 3 years (5%/4%/3%/2%/1%, 5%/4%/3%, etc) Qualifying Term: Loan Term (3 mo) All LTV's: 3% Max % LTV Penalties not available in New Mexico and loans vested to individuals in New Jersey Loan Term: 3 mo (40 yr IO not avail) Program Min: $,000 Max Acreage Other LTV/CLTV Limits Products: 5/1, 7/1, FRM s < $1k: % Max LTV/CLTV 10 Acres Condo: % Max LTV/CLTV: % Min $1k when DSCR < 1.15 Rural Properties 2 4 Unit: % Non Warrantable Condo Max: $1,0,000 Rural Properties Allowed Loan Amnt<1k: % s>$1.5mm require 2 appraisals Interest Only: % 3

5 Expanded No Ratio (DSCR < 1) No Ratio (DSCR<1.0) Purchase Rate/Term 0+ 1,0,001 2,000,000 2,000,001 3,000,000 3,000,001 4,000,000 4,000,001 5,000,000 5,000,001 10,000, ,0,001 2,000, Months 2,000,001 3,000, Months Program Restrictions Income s > $3,000,000 Grade No Ratio Debt Service Coverage Ratio (DSCR) Housing 0x30x12 Gross Income/PITIA Cash Out limited to the lower of % of property value or $3,000,000 BK (Chap 13 Discharge) 12 months Transaction qualified on cash flow of the subject property Property Types: SFR, PUD & Warrantable Condos Max 10 Acres BK (Other) 36 mo Gross Income: Lower of Estimated Market Rent from Form 1007 and monthly rent from an Foreclosure 36 mo existing lease (If lease amount higher, may be utilized with two months proof of receipt) Short Sale/DIL Min 640 Investor Experience Impounds are required (See guideline for waiver) Max LTV: Purchase Experienced Investor Max LTV: R/T A borrower who has owned 2 or more properties for greater than the most recent 12 mos or has Max LTV: Cash Out tradelines for other mortgage loans that reflect on credit report. May have been sold or paid in full Max 10,000,000 within the last 36 mos (Primary can be included) First Time Investor No limit on financed properties Add 2 months reserves for each additional financed property (including departure residence). A borrower that does not meet the Experienced Investor criteria. First Time Investors must have Total reserve requirement is not to exceed 12 mo 3/1 LIBOR ARM 1 YR LIBOR 6 % Margin/Floor 2/2/5 owned a residence (primary or rental) for a minimum of the most recent 12 months. 5/1 LIBOR ARM 7/1 LIBOR ARM 1 YR LIBOR 6 % Margin/Floor 2/2/5 1 YR LIBOR 6 % Margin/Floor 5/2/5 See Grid Maximum LTV/CLTV is %; No Gift funds permitted; Minimum 620 Residency Prepayment Penalty DSCR See DSCR Grid Above US Citizen Terms up to 3 years available for 3 Year ARMs. Otherwise terms up to 5 Years are acceptable. Permanent & Non Permanent resident alien The following structures are acceptable Cash Out Limit (% property value) See FN matrix for Investment options 6 months of interest on the amount of the prepayment that exceeds 20% of the original Program Max: % ITIN principal balance Loan Amnt > 1MM: % Not Allowed 3%, 4%, or 5% for the term of the penalty Interest Only Condo: % Declining structures that do not exceed 5% and do not drop below 3% in the first IO Period: 120 Months based on IO pmt 2 4 Unit: % Interested Party Contributions 3 years (5%/4%/3%/2%/1%, 5%/4%/3%, etc) Qualifying Term: Loan Term (3 mo) All LTV's: 3% Max % LTV Penalties not available in New Mexico and loans vested to individuals in New Jersey Loan Term: 3 mo (40 yr IO not avail) Program Min: $,000 Max Acreage Other LTV/CLTV Limits Products: 5/1, 7/1, FRM s < $1k: % Max LTV/CLTV 10 Acres Condo: % Max LTV/CLTV: % Min $1k when DSCR < 1.15 Rural Properties 2 4 Unit: % Non Warrantable Condo Max: $1,0,000 Rural Properties Allowed Loan Amnt<1k: % s>$1.5mm require 2 appraisals Interest Only: % 3

6 Foreign National 2nd Home and Investment Full Documentation DSCR Purchase Rate/Term Purchase Rate/Term months 12 months 1,0,001 2,000, months 2,000,001 3,000, months 3,000,001 4,000, months 4,000,001 5,000, months months 12 months Foreign Credit 12 months 12 months 1,0,001 2,000, months 2,000,001 3,000, months 3,000,001 4,000, months 4,000,001 5,000, months Program Restrictions Credit Housing 0x30x12 Qualifying U.S. Credit Credit Event (BK/FC/SS/DIL) 36 mo For Foreign National Borrowers with a valid Social Security number a credit report should be obtained. Requirements found in the CREDIT section of this underwriting Min 620 Or Foreign Credit guide apply. Borrowers not meeting these requirements may proceed under the Qualifying Foreign Credit requirements detailed in the underwriting guide. Max LTV: Purchase & R/T */ Max LTV: Cash Out Qualifying Foreign Credit */ Foreign National Borrowers without Qualifying U.S. Credit (Including borrowers without a valid Social Security Number and borrowers with or without an ITIN) must provide Max 5,000,000 evidence of three (3) active and open tradelines with a 2 year history. No derogatory credit history is permitted. ANY combination of the following is acceptable to arrive at the tradeline requirement 3/1 LIBOR ARM (DSCR Only) 1 YR LIBOR 6 % Margin/Floor 2/2/5 Tradelines 5/1 LIBOR ARM 1 YR LIBOR 6% Margin/Floor 2/2/5 At least 3 tradeline active and open nths 7/1 LIBOR ARM 1 YR LIBOR 6 % Margin/Floor 5/2/5 o Tradelines evidenced via a U.S. credit report; AND/OR o Tradelines evidenced via international credit report; AND/OR DSCR o Tradelines evidenced via a credit reference letter from a verified financial institution in the borrower's country of origin *Qualifying US Credit Cash Out Limit Income s > $3,000,000 (% property Value) Full Documentation Program Max: % See the Foreign National Income section of the guide for income requirements Cash Out limited to the lower of % of property value or $3,000,000 2nd Homes and Investment Properties eligible Property Types: SFR, PUD & Warrantable Condos Max 10 Acres Program Min: $,000 Debt Service Coverage Ratio (DSCR) s < $1k: % Max LTV/CLTV Gross Income/PITIA Min $1k when DSCR < 1.15 Transaction qualified on cash flow of the subject property Non Warrantable Condo Max: $1,5MM Gross Income: Lower of Estimated Market Rent from Form 1007 and monthly rent from an Impounds are required (See guideline for waiver) s>$1.5mm require 2 appraisals existing lease (If lease amount higher, may be utilized with two months proof of receipt) Debt To Income Ratio % maxi DTI (Applies to Full Doc only) Documenting Assets Held in Foreign Accounts Residual Income (2nd home only) Assets must be verified in U.S. Dollar equivalency at the current exchange rate via either No limit on financed properties for investment, limited to 20 for 2nd home (see guides for details) $2,0/month+$2 1st dep+$125 ea addl or the Wall Street Journal Interest Only A copy of the two (2) most recent statements of that account. If the funds are not seasoned a Prepayment Penalty Must Have US Credit to have Interest Only minimum of sixty () days, a letter of explanation is required along with the information to Terms up to 3 years available for 3 Year ARMs. Otherwise terms up to 5 Years are acceptable. comprise a sixty () day chain of funds. The following structures are acceptable Other LTV/CLTV Limits 6 months of interest on the amount of the prepayment that exceeds 20% of the original Condo: % Residency Documentation Highlights principal balance 2 4 Unit: % Visa types allowed: B 1, B 2, H 2, H 3, I, J 1, J 2, 0 2, P 1, P 2, TN NAFTA, Laser Visa 3%, 4%, or 5% for the term of the penalty Loan Amnt<1k: % The following are required as evidence the borrower is in the U.S legally Declining structures that do not exceed 5% and do not drop below 3% in the first First Time Investor: % o Copy of the borrowers valid and unexpired passport (including photograph) 3 years (5%/4%/3%/2%/1%, 5%/4%/3%, etc) o Copy of the borrower s valid and unexpired visa (including photograph) OR an I 797 form with Penalties not available in New Mexico and loans vested to individuals in New Jersey Interested Party Contributions valid extension dates and I 94. Investor Experience All LTV's: 3% o Borrowers from countries participating in the State Department s Visa Waiver Program (VWP) Experienced Investor Max Acreage are not required to provide a valid visa. A borrower who has owned 2 or more properties for greater than the most recent 12 mos or has 15 Acres tradelines for other mortgage loans that reflect on credit report. May have been sold or paid in full within Rural Properties Minimum 12 mos required add 2 mos reserves for ea addl property the last 36 mos (Primary can be included) Rural Properties Not Allowed A borrower that does not meet the Experienced Investor criteria. First Time Investors must have 4 owned a residence (primary or rental) for a minimum of the most recent 12 months.