Skip to main content

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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
CSV
Date First Name Last Name Organization Comment
Timothy Prough Natural Resources Defense Council on behalf of Timothy Prough view CommentView Comment Email: N/A
Attachment: View Attachment
Ameer Sanghvi Natural Resources Defense Council on behalf of Ameer Sanghvi View CommentView Comment Email: N/A
Attachment: View Attachment
Vic. Bostock Natural Resources Defense Council on behalf of Vic. Bostock View CommentView Comment Email: N/A
Attachment: View Attachment
Tasha Boucher Natural Resources Defense Council on behalf of Tasha Boucher View CommentView Comment Email: N/A
Attachment: View Attachment
Jude Skurray Natural Resources Defense Council on behalf of Jude Skurray View CommentView Comment Email: N/A
Attachment: View Attachment
Susan Shapiro Natural Resources Defense Council on behalf of Susan Shapiro View CommentView Comment Email: N/A
Attachment: View Attachment
Rose-Marie Armstrong 333 E. 46 St. Corp. View CommentView Comment Email: N/A
Attachment: View Attachment
Mariana Almeida Natural Resources Defense Council on behalf of Mariana Almeida View CommentView Comment Email: N/A
Attachment: View Attachment
Donald Webb Natural Resources Defense Council on behalf of Donald Webb View CommentView Comment Email: N/A
Attachment: View Attachment
Mike Dummer Natural Resources Defense Council on behalf of Mike Dummer View CommentView Comment Email: N/A
Attachment: View Attachment
Mary K. Rutherfurd N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Bob Decker HBA of Kern County View CommentView Comment Email: N/A
Attachment: View Attachment
Peter Lyon N/A View CommentView Comment Email: N/A
Attachment: View Attachment
Yanula Pengenika Natural Resources Defense Council on behalf of Yanula Pengenika View CommentView Comment Email: N/A
Attachment: View Attachment
DS Powell Natural Resources Defense Council on behalf of DS Powell View CommentView Comment Email: N/A
Attachment: View Attachment
Shannon Martinez Golden Empire Mortgage (GEM) View CommentView Comment Email: N/A
Attachment: View Attachment
Azalia Poppystone Natural Resources Defense Council on behalf of Azalia Poppystone View CommentView Comment Email: N/A
Attachment: View Attachment
Kevin Canning Planning and Land Use Services View CommentView Comment Email: N/A
Attachment: View Attachment
Fassio Elder Natural Resources Defense Council on behalf of Fassio Elder View CommentView Comment Email: N/A
Attachment: View Attachment
Edward McNeal Black Swamp Conservancy View CommentView Comment Email: N/A
Attachment: View Attachment
Murray Kelley 524 East 6th St. HDFC, Inc. View CommentView Comment Email: N/A
Attachment: View Attachment
Penny Kaufman 58 Housing Corporation View CommentView Comment Email: N/A
Attachment: View Attachment
Thomas H. Stevenson Mor 7th Avenue Owners Corp. View CommentView Comment Email: N/A
Attachment: View Attachment
Mattioli Antonio Natural Resources Defense Council on behalf of Mattioli Antonio View CommentView Comment Email: N/A
Attachment: View Attachment
Phil Crist Natural Resources Defense Council on behalf of Phil Crist View CommentView Comment Email: N/A
Attachment: View Attachment