DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 3. CALIFORNIA HOUSING FINANCE AGENCY 50900-51511›CHAPTER 5. Financing of Housing Developments and Residential Structures 51100-51252›ARTICLE 2. Loans Through Intermediary Lenders and Mortgage Purchase and Sale 51125-51128
§ 51126
California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California
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.
(Amended by Stats. 1981, Ch. 1031.)
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