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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Doug Hamilton Greater El Paso Association of Realtors View CommentView Comment Email: N/A
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Nick Fergis N/A View CommentView Comment Email: N/A
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David Moeller Recreation Centers of Sun City West, Inc. (RCSCW) View CommentView Comment Email: N/A
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Larry Duclos N/A View CommentView Comment Email: N/A
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Nadia Mustafa DC Ranch Community View CommentView Comment Email: N/A
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Ronny Cohen N/A View CommentView Comment Email: N/A
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Al Hedrick N/A View CommentView Comment Email: N/A
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Kathe M. Barnes N/A View CommentView Comment Email: N/A
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Cheryl A. Bruning Tejon Ranch Company View CommentView Comment Email: N/A
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Rex Gonsalves Halstead Property, LLC View CommentView Comment Email: N/A
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C. J. Bendy, Jr. N/A View CommentView Comment Email: N/A
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John Pepper Bullock Safe Harbor Consulting, LLC View CommentView Comment Email: N/A
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Eleanor Freiser Linden Towers No. 3 View CommentView Comment Email: N/A
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Bill Scheffer N/A View CommentView Comment Email: N/A
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Gene Thorpe Placer County Association of Realtors View CommentView Comment Email: N/A
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Diana Borg Crossbay Cooperative View CommentView Comment Email: N/A
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Haley Dumas Natural Resources Defense Council on behalf of Haley Dumas View CommentView Comment Email: N/A
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John Thompson Seabrook Island Property Owners Association (SIPOA) View CommentView Comment Email: N/A
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Board of Directors, Holiday Heights Homeowners Association View CommentView Comment Email: N/A
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Frances I. Hill 315 East 68th St Corp. View CommentView Comment Email: N/A
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Babs Makinde Tejon Ranch Company View CommentView Comment Email: N/A
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Laura Cross ISU Insurance Services - Tasman, LLC View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Dean Fearing Kulshan Community Land Trust (CLT) View CommentView Comment Email: N/A
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Jon Kurtin N/A View CommentView Comment Email: N/A
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