California Statutes
§ 51126. — 51126. (Amended by Stats. 1981, Ch. 1031.)
California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 3. PART 3. CALIFORNIA HOUSING FINANCE AGENCY·Ch. 5. CHAPTER 5. Financing of Housing Developments and Residential Structures·Art. 2. ARTICLE 2. Loans Through Intermediary Lenders and Mortgage Purchase and Sale
The agency may invest in, purchase, or make commitments to purchase any residential mortgage or any obligation secured by a residential mortgage or participation therein, and sell such obligations, residential mortgages, or participations or create pools of such obligations, residential mortgages, or participations held by the agency and issue and sell securities backed by such pools. The agency shall require the seller of such obligations, residential mortgages, or participations purchased by the agency to use the proceeds for the purpose of financing housing developments and residential structures.
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California § 51126. (51126. (Amended by Stats. 1981, Ch. 1031.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1981, Ch. 1031.