Section 9-404 - Methods of providing assistance. - Maryland Statutes

§ 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.]