Section 9-404 - Methods of providing assistance. - Maryland Statutes

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Statutes > Maryland > Housing-and-community-development > Title-9 > Subtitle-4 > 9-404

§ 9-404. Methods of providing assistance.

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.

[An. Code 1957, art. 83B, § 10-109; 2005, ch. 26, § 2.]

State Codes and Statutes

Statutes > Maryland > Housing-and-community-development > Title-9 > Subtitle-4 > 9-404

§ 9-404. Methods of providing assistance.

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.

[An. Code 1957, art. 83B, § 10-109; 2005, ch. 26, § 2.]

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State Codes and Statutes

Statutes > Maryland > Housing-and-community-development > Title-9 > Subtitle-4 > 9-404

§ 9-404. Methods of providing assistance.

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.

[An. Code 1957, art. 83B, § 10-109; 2005, ch. 26, § 2.]