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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Lionel Mares Natural Resources Defense Council on behalf of Lionel Mares View CommentView Comment Email: N/A
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Dennis Thomas Natural Resources Defense Council on behalf of Dennis Thomas View CommentView Comment Email: N/A
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Anthony DeRiggi Natural Resources Defense Council on behalf of Anthony DeRiggi View CommentView Comment Email: N/A
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Lisa D'Antonio Natural Resources Defense Council on behalf of Lisa D'Antonio View CommentView Comment Email: N/A
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Paul Hunrichs Natural Resources Defense Council on behalf of Paul Hunrichs View CommentView Comment Email: N/A
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Barbara Bilson Natural Resources Defense Council on behalf of Barbara Bilson View CommentView Comment Email: N/A
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Jeff Armstrong EBSCO Gulf Coast Development View CommentView Comment Email: N/A
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Max Bromell Leisure World Community Association View CommentView Comment Email: N/A
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Abigail Wolcott Natural Resources Defense Council on behalf of Abigail Wolcott View CommentView Comment Email: N/A
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Mary Andrew Natural Resources Defense Council on behalf of Mary Andrew View CommentView Comment Email: N/A
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Barbara Voss Natural Resources Defense Council on behalf of Barbara Voss View CommentView Comment Email: N/A
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Beau Cooper Natural Resources Defense Council on behalf of Beau Cooper View CommentView Comment Email: N/A
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Michael Nardi Fire Island Pines, Inc. View CommentView Comment Email: N/A
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Elan Dickerson Natural Resources Defense Council on behalf of Elan Dickerson View CommentView Comment Email: N/A
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Julie Beer Natural Resources Defense Council on behalf of Julie Beer View CommentView Comment Email: N/A
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Merl & Judy Collins Natural Resources Defense Council on behalf of Merl and Judy Collins View CommentView Comment Email: N/A
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Mrs. Walston Caroline Natural Resources Defense Council on behalf of Walston Caroline View CommentView Comment Email: N/A
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Michael Winn N/A View CommentView Comment Email: N/A
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Nancy Devaux San Juan Community Home Trust View CommentView Comment Email: N/A
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Julie W. Joyner Woodlake Community Association, Inc. View CommentView Comment Email: N/A
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Matt Hamilton N/A View CommentView Comment Email: N/A
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James S. Hagey Red Leaf Village View CommentView Comment Email: N/A
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Kevin L. Shepherd American College of Real Estate Lawyers View CommentView Comment Email: N/A
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Jeanne G. Martowski 91 Central Park West Corp. View CommentView Comment Email: N/A
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William Brisson Natural Resources Defense Council on behalf of William Brisson View CommentView Comment Email: N/A
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