Contracts with State housing finance authorities

(A) In general The Corporation may enter into contracts with any State housing finance authority for the sale of mortgage-related assets (as such terms are defined in section 1441a–1 of this title ) of any depository institution in default (including assets and liabilities associated with any trust business), such contracts to be effective in accordance with their terms without any further approval, assignment, or consent with respect thereto.

(B) Factors to consider In evaluating the disposition of mortgage related assets to any State housing finance authority the Corporation shall consider— (i) the State housing finance authority’s ability to acquire and service current, delinquent, and defaulted mortgage related assets; (ii) the State housing finance authority’s ability to further national housing policies; (iii) the State housing finance authority’s sensitivity to the impact of the sale of mortgage related assets upon the State and local communities; (iv) the costs to the Federal Government associated with alternative ownership or disposition of the mortgage related assets; (v) the minimization of future guaranties which may be required of the Federal Government; (vi) the maximization of mortgage related asset values; and (vii) the utilization of institutions currently established in mortgage related asset market activities.