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§ 9-404. Methods of providing assistance

MD House & Comm Dev Code § 9-404 (2019) (N/A)
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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.

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§ 9-404. Methods of providing assistance