[§201H-142]  Housing loan programs;
authorization.  (a)  The corporation may establish under this subpart one
or more eligible loan programs.



(b)  The corporation may invest in, make,
purchase, take assignments of, or otherwise acquire or make commitments to
invest in, make, purchase, take assignments of, or otherwise acquire any
eligible loans or any partial interest or participation therein held by or on
behalf of the corporation.



(c)  The corporation may sell, assign, or
otherwise dispose of or enter into commitments to sell, assign, or otherwise
dispose of any eligible loans or any partial interest or participation therein
held by or on behalf of the corporation.



(d)  The corporation may acquire any obligation
under conditions which require the seller of the obligation to use the proceeds
of the sale for the purpose of financing eligible loans. [L 2006, c 180, pt of
§4]