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Private Transfer Fee Covenants

Notice Details
Type
Notice
Number
2010-N-11
Group
Fannie Mae
Freddie Mac
Document Number
2010-20108
Federal Register Publish Date
08/16/2010
Comment Status
Closed
Comment Open Date
08/16/2010
Comment End Date
10/15/2010

Private Transfer Fee Covenants

Contact Information

FOR FURTHER INFORMATION CONTACT: Peggy K. Balsawer, Assistant General Counsel, (202) 343–1529 (not a toll-free number), Federal Housing Finance Agency, Office of General Counsel, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) is proposing to issue a Guidance,"Guidance on Private Transfer Fee Covenants," to the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises), and the Federal Home Loan Banks (the Banks) that the entities it regulates should not deal in mortgages on properties encumbered by private transfer fee covenants. Such covenants appear adverse to liquidity, affordability and stability in the housing finance market and to financially safe and sound investments. This proposed Guidance would extend to mortgages and securities held by the Banks as investments or as collateral for advances and to mortgages and securities held or guaranteed by the Enterprises.

DATES: Interested persons may submit comments on or before October 15, 2010.​
 

Public Comments people-icon

Below are a compilation of public comments made on this notice.

2649 items
Date Sort ascending First Name Last Name Organization Comment
Brian Kittredge Ladera Ranch Community Service Organization (LARCS) View CommentView Comment Email: N/A
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Charles B. Rangel N/A View CommentView Comment Email: N/A
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Anthony Koestler 75 Central Park West Corporation View CommentView Comment Email: N/A
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Armando & Lisa Rutledge Ladera Ranch Community Service Organization (LARCS) View CommentView Comment Email: N/A
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Linda S. Finkle The Villas at Shady Brook View CommentView Comment Email: N/A
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Toby Ann Stavisky N/A View CommentView Comment Email: N/A
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Ron Parr DMB/Highlands Group, LLC View CommentView Comment Email: N/A
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Robert D. Johns Law Offices of Johns, Monrow, Mitsunaga, and Kolouskova View CommentView Comment Email: N/A
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John F. Shirey California Redevelopement Association (CRA) View CommentView Comment Email: N/A
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Lillian Hames Sonoma Marin Area Rail Transit (SMART) View CommentView Comment Email: N/A
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Jennifer Courville Dunes West Property Association View CommentView Comment Email: N/A
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Vince Tabone N/A View CommentView Comment Email: N/A
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Bradley B. Geist The George Whitney Corporation View CommentView Comment Email: N/A
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Robert W. Drescher N/A View CommentView Comment Email: N/A
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Cecilia Vonderheide Third Commonwealth Corporation View CommentView Comment Email: N/A
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Richard King Heritage Village IV Homeowners Association View CommentView Comment Email: N/A
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Donald Conner Conner Bros. Construction Company, Inc. View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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John Ledford N/A View CommentView Comment Email: N/A
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Sarah Lindeman Green Valley Agricultural Conservancy View CommentView Comment Email: N/A
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J. Ab Conner Conner Bros. Construction Company, Inc. View CommentView Comment Email: N/A
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Carle Flanigan 3420 Properties, Ltd. View CommentView Comment Email: N/A
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Robert Skinner 60 Acre Reserve Condominium Association, Inc. View CommentView Comment Email: N/A
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Kevin P. Donlin Manchester Coordinating Council (MCC) View CommentView Comment Email: N/A
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Claire Martheleur 21 East Tenth St. Owners, Corp. View CommentView Comment Email: N/A
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