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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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.

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Date First Name Last Name Organization Comment
Patty Kennedy Palmetto Bluff Conservancy View CommentView Comment Email: N/A
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Karen Paneggiante N/A View CommentView Comment Email: N/A
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Allan R. Irwin N/A View CommentView Comment Email: N/A
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Jack Tyler Heritage Bay HBHA View CommentView Comment Email: N/A
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John C. N/A View CommentView Comment Email: N/A
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Rebecca Lieb N/A View CommentView Comment Email: N/A
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Thomas C. Horan The Seven Park Avenue Corporation View CommentView Comment Email: N/A
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Aram Fox N/A View CommentView Comment Email: N/A
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Joan Rodriguez N/A View CommentView Comment Email: N/A
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Jay Reano Plexus Capital, LLC View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Kathy Nydahl N/A View CommentView Comment Email: N/A
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Joan Malloch N/A View CommentView Comment Email: N/A
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Vicky Luse N/A View CommentView Comment Email: N/A
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Eugene A. Lefkowitz 69 West Ninth Street Co-operative View CommentView Comment Email: N/A
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Grace Meng The Assembly of New York, Albany View CommentView Comment Email: N/A
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John Barber N/A View CommentView Comment Email: N/A
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10 New York Co-operative Shareholders View CommentView Comment Email: N/A
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Patricia Dolan Queens Civic Congress, Inc. View CommentView Comment Email: N/A
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Dianne Harnell Cohen Serenbe Institute for Art, Culture & the Environment, Inc. View CommentView Comment Email: N/A
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Douglas L. Orchard Duncan Law Professional Corporation View CommentView Comment Email: N/A
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J. Ab. Conner Conner Brothers Developement Company, Inc. View CommentView Comment Email: N/A
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Dan Einhaus N/A View CommentView Comment Email: N/A
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Charles E. N/A Ruth Anne White. View CommentView Comment Email: N/A
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Roberta Marshall N/A View CommentView Comment Email: N/A
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