; (2) resulted in reduced guarantee fees for mortgage originators; and (3) produced benefits or costs for borrowers under qualifying loans under the program. (d) Extension of program Based on the assessments in the report required under subsection (c), the Director may extend the program beyond its fifth year of operation if the Director determines that such extension would be in the public interest. (e) Mitigating counterparty risk Nothing in this section shall prevent the Director from establishing additional requirements on participants in the pilot program necessary to mitigate counterparty risk to the enterprises comparable to other credit risk-transfer structures. (f) Definitions For purposes of this section, the following definitions shall apply: (1) Director The term Director means the Director of the Federal Housing Finance Agency. (2) Eligible mortgage insurance provider The term eligible mortgage insurance provider means a company that— (A) is regulated as a mortgage guaranty insurance company by its State of domicile; (B) provides qualifying mortgage insurance; and (C) satisfies— (i) (I) minimum requirements established or recognized by the Director, pursuant to public notice and comment, with respect to capital, leverage, and reserve requirements; or (II) Private Mortgage Insurer Eligibility Requirements published by the enterprises on April 17, 2015; and (ii) any additional requirements added by subsection (e) of this section. (3) Enterprise The term enterprise has the meaning given such term in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4502 ). (4) Qualifying loan The term qualifying loan means a first mortgage loan that— (A) is secured by a one- to four-family residence