Company: BLNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004793
Chunk: 41

Company: Beeline Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 41
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 fail to meet the underwriting
guidelines of the GSEs, federal agency insurers/guarantors, or of non-GSE loan purchasers it could lose its ability to underwrite and/or
receive insurance/guaranty on loans for such loan purchasers and insurers/guarantors, which could have a material adverse effect on its
business, financial condition, results of operations, and prospects. We try to mitigate its repurchase risk with repurchase insurance,
however, this insurance may not cover the reason for the repurchase and it may not be able to sell a repurchase demand loan at a discount.
It may not be able to meet its repurchase obligations in the future. If we are required to repurchase loans or indemnify loan purchasers,
we may not be able to recover amounts from third parties from whom we could seek indemnification due to financial difficulties or otherwise.
As a result, the Company is exposed to counterparty risk in the event of non-performance by a borrower or other counterparties to various
contracts, including, without limitation, as a result of the rejection of an agreement or transaction in bankruptcy proceedings, which
could result in substantial losses for which it may not have insurance coverage.

Changes in the GSEs’,
the FHA’s or the VA’s requirements could materially and adversely affect the Company’s business.

The Company is required to follow
specific guidelines and eligibility standards that impact the way it originates GSE and U.S. government agency loans, including guidelines
and standards with respect to:

    ●
    credit standards for mortgage loans;
  
    ●
    its default and claims rates on recently produced FHA loans;
  
    ●
    its staffing levels and other servicing practices;
  
    ●
    the servicing and ancillary fees that it may charge;
  
    ●
    its modification standards and procedures;
  
    ●
    the amount of reimbursable and non-reimbursable advances that it may make; and
  
    ●
    the types of loan products that are eligible for sale or securitization.

Changes to GSE and U.S. government
agency rules and guidance can materially and adversely impact the conforming loans that the Company is able to originate and sell and/or
insure, as well as the servicing decisions and actions that t is required to undertake.

In addition, further changes to
GSE, the FHA or VA loan programs, or coverage provided by private mortgage insurers, could also have broad material and adverse market
implications. Any future increases