Section 9-404 - Methods of providing assistance.
§ 9-404. Methods of providing assistance.
To provide community reinvestment assistance, the Board may:
(1) invest in, purchase, make commitments to purchase, or take assignments from mortgage lenders of notes and mortgages evidencing mortgage loans;
(2) act as a guarantor or conduit for mortgage backed securities;
(3) make loans to recipients of community reinvestment assistance or to mortgage lenders;
(4) sell at public or private sale mortgages, loans, or other obligations held by the Fund;
(5) purchase, make, participate in making, or enter into commitments to purchase loans;
(6) package and sell loans; and
(7) do anything else authorized by the organizational documents of the Fund.
[An. Code 1957, art. 83B, § 10-109; 2005, ch. 26, § 2.]