Under conditions set forth in this regulation, M.H.F. may enter into agreements with mortgage lenders who wish to make insured mortgage loans under the Revitalization Program. Each mortgage lender shall: Be an eligible mortgagee approved by M.H.F. under COMAR 05.06.01.04; and Establish the Revitalization Program as a priority as evidenced by the mortgage lender's endorsement of the Program in its Community Reinvestment Act statement. Each agreement: Shall include such terms and conditions as M.H.F. determines are necessary to balance the risk factors which exist in connection with the proposed agreement; Shall be approved by the Secretary; May provide for M.H.F. and the mortgage lender to share up to 1/2 of the insurance fees and a commensurate degree of financial risk of subsequent default in connection with mortgage loans made by the mortgage lender and insured by M.H.F.; and Shall require all borrowers receiving loans insured by M.H.F. to participate in a counseling program, administered by a counseling agency acceptable to M.H.F., which shall provide: Counseling on credit issues as required by M.H.F., At least one pre-purchase meeting and one post-purchase meeting, and Additional meetings as required by M.H.F.