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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
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Charles A. Freeman Ladera Ranch View CommentView Comment Email: N/A
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Jeff Stephenson Rio Tinto on behlaf of Ty McCutcheon of Kennecott Land Company View CommentView Comment Email: N/A
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Bradley White N/A View CommentView Comment Email: N/A
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Joseph Patrick Brown N/A View CommentView Comment Email: N/A
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Ilea Jackson Tejon Ranch Company View CommentView Comment Email: N/A
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Seth Dalton N/A View CommentView Comment Email: N/A
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Derek C. Abbott Tejon Ranch Company View CommentView Comment Email: N/A
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Robert B. Douglas, Jr. Tuscan Lakes View CommentView Comment Email: N/A
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Joy Gramolini N/A View CommentView Comment Email: N/A
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William T. Johnson N/A View CommentView Comment Email: N/A
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Vincent & Mary Ann Lofredo Bay Terrace Cooperative, Section III, Inc. Demetrios Frangiskatos; Ilena Sheila Oliwenstein; Vera & James Tah…View Comment
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Mary Eaton N/A View CommentView Comment Email: N/A
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Jay L. Rogers Alpha Strategies Investment Consulting View CommentView Comment Email: N/A
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Randy Woodbury The Institute of Real Estate Management (IREM) View CommentView Comment Email: N/A
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Candy Gonell N/A View CommentView Comment Email: N/A
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Janice Ronson N/A View CommentView Comment Email: N/A
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Elizabeth O'Neill N/A View CommentView Comment Email: N/A
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Board of Directors, Champion Hills Property Owners Association, Inc View CommentView Comment Email: N/A
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Stephen P. Ostiguy Church Community Housing Corp View CommentView Comment Email: N/A
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Christopher M. Hawke Solar Point Resources, LLC View CommentView Comment Email: N/A
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Eric & Caroline Shaw N/A View CommentView Comment Email: N/A
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Jeff & Nicole Hopkins Ladera Ranch View CommentView Comment Email: N/A
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Joy Haynes Haynes Development Company View CommentView Comment Email: N/A
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David J. Larijani New York Private Realty Group View CommentView Comment Email: N/A
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Carlene Matchniff N/A View CommentView Comment Email: N/A
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