Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 9-404
Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 9-404
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(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.