[§201H-144]  Housing loan programs; generalpowers.  (a)  The corporation may make, enter into, and enforce allcontracts or agreements which are necessary, convenient, or desirable for thepurpose of the performance of its powers under this subpart.

(b)  The corporation may establish, revise,charge, and collect fees, premiums, and charges as necessary, reasonable, orconvenient in connection with its housing loan programs established under thissubpart.  The fees, premiums, and charges shall be deposited into funds asdetermined by the corporation.

(c)  The corporation may contract for theservicing and custody of any loans or other obligations acquired under thissubpart.

(d)  The corporation may procure insuranceagainst any default of its loans from insurers in amounts deemed necessary ordesirable.

(e)  Subject to any agreements with the holdersof its bonds, the corporation may:

(1)  Renegotiate, refinance, or foreclose any loan indefault;

(2)  Commence any action to protect or enforce anyright conferred upon it by any law, or as provided in any mortgage, insurancepolicy, contract, or other agreement; and

(3)  Bid for and purchase the property secured by theloan at any foreclosure or other sale; or acquire, or take possession of theproperty secured by the loan and may operate, manage, lease, dispose of, orotherwise deal with the property securing the loan. [L 2006, c 180, pt of §4]