[§201H-144]  Housing loan programs; general
powers.  (a)  The corporation may make, enter into, and enforce all
contracts or agreements which are necessary, convenient, or desirable for the
purpose 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, or
convenient in connection with its housing loan programs established under this
subpart.  The fees, premiums, and charges shall be deposited into funds as
determined by the corporation.



(c)  The corporation may contract for the
servicing and custody of any loans or other obligations acquired under this
subpart.



(d)  The corporation may procure insurance
against any default of its loans from insurers in amounts deemed necessary or
desirable.



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



(1)  Renegotiate, refinance, or foreclose any loan in
default;



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



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