; and (B) 2 shall be appointed for terms of 2 years. (3) Vacancies Any member appointed to fill a vacancy on the Board occurring before the expiration of the term for which the member’s predecessor was appointed shall be appointed only for the remainder of that term. A member may serve after the expiration of that member’s term until a successor has taken office. A vacancy on the Board shall be filled in the manner in which the original appointment was made. (e) Meetings and Quorum The Board shall meet at any time pursuant to the call of the Chairperson or a majority of its members and as provided by the bylaws of the FHA, but not less than quarterly. A majority of the members of the Board shall constitute a quorum. (f) Powers The Board shall be responsible for the general management of the FHA and shall have the same authority, privileges, and responsibilities as the board of directors of a private corporation incorporated under the District of Columbia Business Corporation Act. (g) Duties In performing its duties, the Board shall— (1) obtain guidance from participants in the mortgage markets served by the FHA; (2) assess the housing and mortgage insurance needs of consumers and providers of single family and multifamily housing and communities, and the mortgage insurance needs of providers of residential health care facilities; (3) obtain information concerning housing finance markets in order to better assess how the FHA can complement the roles of public and private participants in such markets