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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
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Date First Name Last Name Organization Comment
10/20/10 John Ledford N/A
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10/20/10 John W. Smither Kentucky Association of Realtors (KAR)
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10/20/10 Kanani Kealoha-Faleafine N/A
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10/20/10 Kevin P. Donlin Manchester Coordinating Council (MCC)
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10/20/10 Mary H. Hodges Virginia Hot Springs Preservation Trust
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10/20/10 Peter H. Strife 53 East 66th Street Cooperative/Condominium
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10/20/10 Richard King Heritage Village IV Homeowners Association
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10/20/10 Rick Fichter Leisure Village East Association, Inc.
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10/20/10 Robert Skinner 60 Acre Reserve Condominium Association, Inc.
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10/20/10 Robert W. Drescher N/A
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10/20/10 Ronald H. Faut Green Valley Country Club North
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10/20/10 Sarah Lindeman Green Valley Agricultural Conservancy
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10/20/10 Unknown N/A
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10/20/10 Vince Tabone N/A
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10/18/10 Eliot L. Engel N/A
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10/18/10 Harvey Ravner Coalition to Preserve Community Funding
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10/16/10 Aaron B. Lee Federal Home Loan Bank of Des Moines
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10/16/10 Ab Conner Conner Bros. Construction Co.
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10/16/10 Abhijeet Joshi N/A
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10/16/10 Abigail Lash N/A
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10/16/10 Andrew S. Howell Federal Home Loan Bank of Cincinnati
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10/16/10 Andy Slettebak Institue for Community Economics (ICE)
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10/16/10 Ann Mesnikoff The Sierra Club
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10/16/10 Anne Gault Georgia Association of Realtors, Inc.
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10/16/10 Anthony Rheault Ladera Ranch
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