Treasury's Legislative Proposal From Treasury Department for Authority to Buy Mortgage-Related Assets
Title I - Authorizing the Treasury Department to Buy Mortgage-Related Assets
Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.
Exercise of Rights.The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.
Management of Mortgage-Related Assets.The Secretary shall have authority to manage mortgage-related assets purchased under this Act, including revenues and portfolio risks therefrom.
Sale of Mortgage-Related Assets.The Secretary may, at any time, upon terms and conditions and at prices determined by the Secretary, sell, or enter into securities loans, repurchase transactions or other financial transactions in regard to, any mortgage-related asset purchased under this Act.
Application of Sunset to Mortgage-Related Assets.The authority of the Secretary to hold any mortgage-related asset purchased under this Act before the termination date in section 9, or to purchase or fund the purchase of a mortgage-related asset under a commitment entered into before the termination date in section 9, is not subject to the provisions of section 9.