Skip to main content

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
Federal Register Citation
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
file download iconCSV
Date First Name Last Name Organization Comment
Jennifer Courville Dunes West Property Association View CommentView Comment Email: N/A
Attachment: View Attachment
Bradley B. Geist The George Whitney Corporation View CommentView Comment Email: N/A
Attachment: View Attachment
Robert W. Drescher N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Richard King Heritage Village IV Homeowners Association View CommentView Comment Email: N/A
Attachment: View Attachment
Donald Conner Conner Bros. Construction Company, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
John Ledford N/A View CommentView Comment Email: N/A
Attachment: View Attachment
J. Ab Conner Conner Bros. Construction Company, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Robert Skinner 60 Acre Reserve Condominium Association, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Claire Martheleur 21 East Tenth St. Owners, Corp. View CommentView Comment Email: N/A
Attachment: View Attachment
Rick Fichter Leisure Village East Association, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Dwane Ille N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Charles Roberts Beacon Hill at Vanderhaven Farm Condominium Association, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Christine Nicholson Green Valley Townhouse Association, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Kanani Kealoha-Faleafine N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Eliot L. Engel N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Harvey Ravner Coalition to Preserve Community Funding View CommentView Comment Email: N/A
Attachment: View Attachment
Kathleen Kalmes N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Harvey Ravner Coalition to Preserve Community Funding View CommentView Comment Email: N/A
Attachment: View Attachment
Elizabeth Hamersley N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Arnold Schwarzenegger State of California, Governor's Office View CommentView Comment Email: N/A
Attachment: View Attachment
Pat Kane Garrett County Board of Realtors, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Gregory L. Teare Federal Home Loan Bank of Indianapolis (FHLBI) View CommentView Comment Email: N/A
Attachment: View Attachment
Kurt D. Weyrauch N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Timothy Dwyer 603 West 111th Street Owners Corp. View CommentView Comment Email: N/A
Attachment: View Attachment
Aaron B. Lee Federal Home Loan Bank of Des Moines View CommentView Comment Email: N/A
Attachment: View Attachment