| | | 5. Loan transactions. Purchase, sell, service, pledge, | | invest in, hold, trade, accept as collateral or otherwise deal | | in, acquire or transfer, on such terms and conditions as the | authority may specify, any mortgagemortgage | certificate, pledge including any pledge of mortgage, | mortgage | | or other mortgage-backed or mortgage-related security. Any such | | transaction may be conducted by public or private offering, with | | or without public bidding. In connection with the purchase or | sale of a mortgage | participation in a mortgage | | one or more agreements providing for the custody, control and | administration of the mortgage | | provide that the authority, a financial institution or other | | person shall act as trustor, trustee or custodian under the | | agreement. Any such agreement may provide that, with respect to | mortgagemortgage | loan, or to a beneficial interest or participation in a mortgage | | loan, is deemed to have been transferred on terms and to the | | extent specified in that agreement and that the effect of a sale | of a beneficial interest or participation in a mortgage | the same as a sale of a mortgage |
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| | | The authority may issue or cause to be issued certificates or | | other instruments evidencing the holder's fractional interest in | a pool of mortgage | | limited to one or more specific loans. Whether or not the | | certificates or instruments are of such form or character as to | be negotiable instruments under Title 11, article 8 | | certificates or instruments are negotiable instruments within the | meaning of and for all the purposes of Title 11, article 8 | | subject only to such registration requirements as the authority | | may establish. |
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| | | In connection with the exercise of the powers authorized in this | | subsection and those powers otherwise granted to the authority, | | the authority may create and operate a secondary market and | warehousing facility or facilities for mortgage | insured portion of mortgage | lenders making mortgage |
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| | | Sec. 17. 10 MRSA §975-A, sub-§1, ķA, as enacted by PL 1985, c. 344, | | §25, is amended to read: |
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| | | A. After filing of a written application or proposal for | | financial assistance or property transfer, in form specified | | by or acceptable to the authority: |
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| | | (1) Names of recipients of or applicants for financial | | assistance, including principals, where applicable; |
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