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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
75 FR 49932
PDF Format
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Kinnaird Fox Wohlfarth & Associates, Inc. View CommentView Comment Email: N/A
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Janice Barton Serenbe Homeowner View CommentView Comment Email: N/A
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Ryan Anderson N/A View CommentView Comment Email: N/A
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18 Linden Towers Cooperative No. 4 residents View CommentView Comment Email: N/A
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Christian Rogers N/A View CommentView Comment Email: N/A
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James Patterson Natural Resources Defense Council on behalf of James Patterson View CommentView Comment Email: N/A
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Eric Asmundsson Beekman Hill House Corp. View CommentView Comment Email: N/A
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20 Mitchell Gardens No. 2 Cooperative Shareholders View CommentView Comment Email: N/A
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Bobby Sher Bell Park Manor Terrace and Presidents Co-op Council View CommentView Comment Email: N/A
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Jeff Darlington Placer Land Trust View CommentView Comment Email: N/A
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Jenny Greeman 470 Convent Avenue, HDFC View CommentView Comment Email: N/A
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Peter W. Buermann 121-125 West 17 Owners Corporation View CommentView Comment Email: N/A
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Amy Bostick Natural Resources Defense Council on behalf of Amy Bostick View CommentView Comment Email: N/A
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Elizabeth M. Hagood Lowcountry Open Land Trust, Inc. View CommentView Comment Email: N/A
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Vicki Kortes N/A View CommentView Comment Email: N/A
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Danielle Carbone N/A View CommentView Comment Email: N/A
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Tracey Forbes Ladera Ranch View CommentView Comment Email: N/A
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Michelle Alameda N/A View CommentView Comment Email: N/A
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Robert Ware Woodrow Wilson Condominium View CommentView Comment Email: N/A
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Linda C. Jones N/A View CommentView Comment Email: N/A
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Benjamin Baggett Lincoln Community Land Trust View CommentView Comment Email: N/A
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Marc Huffman Ballona Wetlands Conservancy Patricia T. Sinclair, Playa Capital Company, LLC. View CommentView Comment Email: N/A
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Lynnette Zeroulias N/A View CommentView Comment Email: N/A
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Jim Gray National Housing Conference and NCB Capital Impact View CommentView Comment Email: N/A
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Jay Frain, P. N/A View CommentView Comment Email: N/A
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