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Section 9-404 - Methods of Providing Assistance — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Housing and Community Development/
  5. Division I - Housing and Community Programs/
  6. Title 9 - Community Reinvestment Fund/
  7. Subtitle 4 - Reinvestment Assistance/
  8. Section 9-404 - Methods of Providing Assistance
Maryland Legal Code

Section 9-404 - Methods of Providing Assistance

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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.