; (D) operate the Program in coordination with the Association, the Federal Housing Administration, the Rural Housing Service, and the Secretary of the Treasury so as to demonstrate feasibility and workability to market participants, including— (i) originators and servicers of mortgages; (ii) issuers of mortgage-backed securities; and (iii) investors; and (E) gain price discovery experience by instructing the Secretary of the Treasury, following consultation with the Secretary of the Treasury to sell acquired securities described in subparagraph (A) as soon as practicable, thereby hastening the development of liquidity for securities backed by covered mortgage loans. (4) GNMA guarantee authority To carry out the purposes of this section, the Association may enter into new commitments to issue guarantees of securities based on or backed by mortgages insured under this section. (5) GNMA guaranty fee To carry out the purposes of this section, the Association may collect guaranty fees consistent with section 306(g)(1) of the National Housing Act ( 12 U.S.C. 1721(g)(1) ) that are paid at securitization. (d) Definitions In this section: (1) Association The term Association means the Government National Mortgage Association. (2) Covered mortgage loan (A) In general The term covered mortgage loan means, for purposes of the Program established by the Secretary of Housing and Urban Development, a mortgage loan that— (i) is insured or guaranteed by the Federal Housing Administration pursuant to section 203(b) of the National Housing Act ( 12 U.S.C. 1709(b) ), subject to the eligibility criteria set forth in this subsection, and has a case number issued on or before December 31, 2025; (ii) is made for an original term of 20 years or for an original term determined by the Secretary to be necessary to develop liquidity for securities backed by covered mortgage loans and expand Program participation by eligible homebuyers