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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Victoria Spruce Natural Resources Defense Council on behalf of Victoria Spruce View CommentView Comment Email: N/A
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Margaret Clark Natural Resources Defense Council on behalf of Margaret Clark View CommentView Comment Email: N/A
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Paula Zerzan Natural Resources Defense Council on behalf of Paula Zerzan View CommentView Comment Email: N/A
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Jeffery Dorer Natural Resources Defense Council on behalf of Jeffery Dorer View CommentView Comment Email: N/A
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Kim Kelley Natural Resources Defense Council on behalf of Kim Kelley View CommentView Comment Email: N/A
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Michael Merenda Natural Resources Defense Council on behalf of Michael Merenda View CommentView Comment Email: N/A
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Megan Michaels Natural Resources Defense Council on behalf of Megan Michaels View CommentView Comment Email: N/A
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Mark Campbell Natural Resources Defense Council on behalf of Mark Campbell View CommentView Comment Email: N/A
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Todd Peterson Natural Resources Defense Council on behalf of Todd Peterson View CommentView Comment Email: N/A
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Robert Whetstone Natural Resources Defense Council on behalf of Robert Whetstone View CommentView Comment Email: N/A
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Jeanne Slominski Natural Resources Defense Council on behalf of Jeanne Slominski View CommentView Comment Email: N/A
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Mark Rice Natural Resources Defense Council on behalf of Mark Rice View CommentView Comment Email: N/A
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Roland Press Natural Resources Defense Council on behalf of Roland Press View CommentView Comment Email: N/A
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Cleoanne Barron Natural Resources Defense Council on behalf of Cleoanne Barron View CommentView Comment Email: N/A
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Lori Triggs Natural Resources Defense Council on behalf of Lori Triggs View CommentView Comment Email: N/A
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Edmund Gutierrez Natural Resources Defense Council on behalf of Edmund Gutierrez View CommentView Comment Email: N/A
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Mark Strauss Natural Resources Defense Council on behalf on Mark Strauss View CommentView Comment Email: N/A
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Evan Roman Natural Resources Defense Council on behalf of Evan Roman View CommentView Comment Email: N/A
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Lauri Peacock Natural Resources Defense Council on behalf of Lauri Peacock View CommentView Comment Email: N/A
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Rick DeGolia Natural Resources Defense Council on behalf of Rick DeGolia View CommentView Comment Email: N/A
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Elisabeth M. Odegard Prudential Gary Greene, Realtors View CommentView Comment Email: N/A
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Bonnie Freeman Natural Resources Defense Council on behalf of Bonnie Freeman View CommentView Comment Email: N/A
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Lisa Ferguson Natural Resources Defense Council on behalf of Lisa Ferguson View CommentView Comment Email: N/A
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Thomas Crumpton Natural Resources Defense Council on behalf of Thomas Crumpton View CommentView Comment Email: N/A
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Jonathan Fink Natural Resources Defense Council on behalf of Jonathan Fink View CommentView Comment Email: N/A
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