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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Robert S. Freedman Carlton Fields Real Estate Attorneys Richard Linquanti; Nicole C. Kibert. View CommentView Comment Email: N/A
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Celena Y. Ramos DMB Associates, Inc. View CommentView Comment Email: N/A
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Donna Stone N/A View CommentView Comment Email: N/A
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Sheldon Silver The Assembly, State of New York, Albany View CommentView Comment Email: N/A
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Todd Hemingson Capital Metropolitan Transit Authority View CommentView Comment Email: N/A
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John Robert Smith Reconnecting America on behalf of Center for Transit-Oriented Development (CTOD) Dena Belzer, Strategic Economics; Scott Bernstein, Center for Neighbor…View Comment
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Marjorie Murray Center for California Homeowner Associaion Law View CommentView Comment Email: N/A
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Laura L. McKenna 3299 Cambridge Apartment Corporation View CommentView Comment Email: N/A
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Saras G. Asnani N/A View CommentView Comment Email: N/A
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Carol Staab N/A View CommentView Comment Email: N/A
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Stephen Wald Wald Real Estate View CommentView Comment Email: N/A
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Kevin Donlin Manchester Coordinating Council View CommentView Comment Email: N/A
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Dean Schultz Federal Home Loan Bank of San Francisco View CommentView Comment Email: N/A
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Chris Lipman N/A View CommentView Comment Email: N/A
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Carrie E. Banks North Carolina Rail-Trails View CommentView Comment Email: N/A
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Vicki L. Stier Highlands Council View CommentView Comment Email: N/A
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Dorothy W. Dugger San Francisco Bay Area Rapid Transit District View CommentView Comment Email: N/A
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Giuseppe Scalia 16th Street Tenants Corp. View CommentView Comment Email: N/A
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Steve Orselet N/A View CommentView Comment Email: N/A
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E. Sharman Mather N/A View CommentView Comment Email: N/A
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Kanani Kealoha-Faleafine N/A View CommentView Comment Email: N/A
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Lori W. Blume N/A View CommentView Comment Email: N/A
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Keith Donahue Real Estate Council of Austin, Inc. View CommentView Comment Email: N/A
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David L. Ledford National Association of Home Builders (NAHB) View CommentView Comment Email: N/A
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Robert Falcone N/A View CommentView Comment Email: N/A
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