§ 9-404
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/md/housing-and-community-development/9-404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–404.
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.