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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Joshua Halpern Natural Resources Defense Council on behalf of Joshua Halpern View CommentView Comment Email: N/A
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Jeff Sevier Natural Resources Defense Council on behalf of Jeff Sevier View CommentView Comment Email: N/A
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Lynn Bossone Natural Resources Defense Council on behalf of Lynn Bossone View CommentView Comment Email: N/A
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Michael Mitsuda Natural Resources Defense Council on behalf of Michael Mitsuda View CommentView Comment Email: N/A
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Karen Olson Natural Resources Defense Council on behalf of Karen Olson View CommentView Comment Email: N/A
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Damon Nagami Natural Resources Defense Council on behalf of Damon Nagami View CommentView Comment Email: N/A
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Vern Harman N/A View CommentView Comment Email: N/A
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Sharon Mullane Natural Resources Defense Council on behalf of Sharon Mullane View CommentView Comment Email: N/A
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Kelli Reese Natural Resources Defense Council on behalf of Kelli Reese View CommentView Comment Email: N/A
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Judit Toth Natural Resources Defense Council on behalf of Judit Toth View CommentView Comment Email: N/A
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Kimberly Peterson Natural Resources Defense Council on behalf of Kimberly Peterson View CommentView Comment Email: N/A
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Suzanne Temple Natural Resources Defense Council on behalf of Suzanne Temple View CommentView Comment Email: N/A
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Timothy Johnston Natural Resources Defense Council on behalf of Timothy Johnston View CommentView Comment Email: N/A
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KL Matlock Natural Resources Defense Council on behalf of KL Matlock View CommentView Comment Email: N/A
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Michael Christy Natural Resources Defense Council on behalf of Michael Christy View CommentView Comment Email: N/A
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Ligia-Elena Diaz Natural Resources Defense Council on behalf of Ligia-Elena Diaz View CommentView Comment Email: N/A
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Greg Samancik Natural Resources Defense Council on behalf of Greg Semancik View CommentView Comment Email: N/A
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Mika Blanco Natural Resources Defense Council on behalf of Mika Blanco View CommentView Comment Email: N/A
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Rodney Hemmila Natural Resources Defense Council on behalf of Rodney Hemmila View CommentView Comment Email: N/A
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Dan Goldstein Natural Resources Defense Council on behalf of Dan Goldstein View CommentView Comment Email: N/A
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Brian Johnson Natural Resources Defense Council on behalf of Brian Johnson View CommentView Comment Email: N/A
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Kelly Garbato Natural Resources Defense Council on behalf of Kelly Garbato View CommentView Comment Email: N/A
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Brenda Sherman Natural Resources Defense Council on behalf of Brenda Sherman View CommentView Comment Email: N/A
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Anmorya Nolan Natural Resources Defense Council on behalf of Anmorya Nolan View CommentView Comment Email: N/A
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Roland Hauberg Natural Resources Defense Council on behalf of Roland Hauberg View CommentView Comment Email: N/A
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