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Notice Details
Type
Notice
Number
2010-N-11
Group
Fannie Mae
Freddie Mac
Document Number
2010-20108
Federal Register Publish Date
08/16/2010
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Date Sort ascending First Name Last Name Organization Comment
Michelle Dougherty Natural Resources Defense Council on behalf of Michelle Dougherty
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GP Kollarson Natural Resources Defense Council on behalf of GP Kollarson
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Terri Tuttle Natural Resources Defense Council on behalf of Terri Tuttle
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Linda Faulhaber Natural Resources Defense Council on behalf of Linda Faulhaber
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Shannon Martinez Golden Empire Mortgage (GEM)
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Mrs. Walston Caroline Natural Resources Defense Council on behalf of Walston Caroline
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Ms. Lowry Bass Natural Resources Defense Council on behalf of Lowry Bass
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Marilynn Smith Natural Resources Defense Council on behalf of Marilynn Smith
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Keira Sealy Natural Resources Defense Council on behalf of Keira Sealy
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Jennifer Reiner Natural Resources Defense Council on behalf of Jennifer Reiner
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Larry Lubin N/A
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Ronald Cottrell Natural Resources Defense Council on behalf of Ronald Cottrell
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DS Powell Natural Resources Defense Council on behalf of DS Powell
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Merl & Judy Collins Natural Resources Defense Council on behalf of Merl and Judy Collins
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Kendall Linzee Natural Resources Defense Council on behalf of Kendall Linzee
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Jaquelyn Chagnon Natural Resources Defense Council on behalf of Jaquelyn Chagnon
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Trent Wilfinger DC Ranch
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Lawrence Scrima Natural Resources Defense Council on behalf of Lawrence Scrima
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John Roberts Natural Resources Defense Council on behalf of John Roberts
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David T. Lennon Hofmann Land Development Company
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Yanula Pengenika Natural Resources Defense Council on behalf of Yanula Pengenika
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Julie Beer Natural Resources Defense Council on behalf of Julie Beer
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Martin Stein N/A
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Diane Wessing Natural Resources Defense Council on behalf of Diane Wessing
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Rob. Davidson Thompson Development, Inc.
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