§320.27. Mortgages.
24 C.F.R. § 320.27
Guaranteed securities issued under these provisions must be based on and backed by mortgages pooled under trust arrangements satisfactory to the Association. Such mortgages must meet the requirements of the Bond Guide.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1721(g) and 1723a(a); and 42 U.S.C. 3535(d).
Source
Source: 60 FR 42015, Aug. 14, 1995, unless otherwise noted.