SEC. 5. Powers and Functions. — The Corporation shall have the following powers and functions:
To purchase, acquire, sell, discount, refinance, or otherwise deal in home mortgages or participations therein under such terms and conditions as may be prescribed by the Board of Directors of the Corporation;
Subject to the provisions of Section 7 hereof, to borrow funds from domestic or foreign private or public financial institutions as may from time to time be required for its operations, and to issue bonds, promissory notes, debentures, and other debt instruments in local or foreign currency;
To own, lease, purchase or otherwise acquire, sell or otherwise dispose of, property, real or personal, as may be necessary and appropriate for the conduct of its business;
To invest the funds or monies of the Corporation not invested in mortgage loans in securities issued by the National Government, Central Bank of the Philippines and other government entities, including government-owned and controlled corporations, the servicing and repayment of which are fully guaranteed by the Republic of the Philippines;
To enter into and perform such contracts with any person or entity, public or private, as may be necessary, proper or conducive to the attainment or furtherance of the objectives and purposes of the Corporation;
To adopt, alter and use a corporate seal; to sue and be sued; and generally, to exercise all the powers of a corporation under the Corporation Law which are not inconsistent herewith; and
To promulgate such rules and regulations and to do and perform any and all things as may be necessary and proper to carry out its responsibilities, powers and functions under this Decree.
