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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Jeanne Greene Natural Resources Defense Council on behalf of Jeanne Greene
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B. McClintock Natural Resources Defense Council on behalf of B. McClintock
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Marge Barry Natural Resources Defense Council on behalf of Marge Barry
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Justin Rauzon Natural Resources Defense Council on behalf of Justin Rauzon
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Robert Andrade Natural Resources Defense Council on behalf of Robert Andrade
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Maureen Russell Natural Resources Defense Council on behalf of Maureen Russell
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Donna Giovanniello Natural Resources Defense Council on behalf Donna Giovanniello
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María Rosa Prats Garcia Natural Resources Defense Council on behalf of María Rosa Prats Garcia
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Cheryl Syring Natural Resources Defense Council on behalf of Cheryl Syring
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Jolie Graf Natural Resources Defense Council on behalf of Jolie Graf
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Carter Schroy Natural Resources Defense Council on behalf of Carter Schroy
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Kim Feil Natural Resources Defense Council on behalf of Kim Feil
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Dennis Thomas Natural Resources Defense Council on behalf of Dennis Thomas
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Lisa D'Antonio Natural Resources Defense Council on behalf of Lisa D'Antonio
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Barbara Bilson Natural Resources Defense Council on behalf of Barbara Bilson
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Max Bromell Leisure World Community Association
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Mary Andrew Natural Resources Defense Council on behalf of Mary Andrew
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Beau Cooper Natural Resources Defense Council on behalf of Beau Cooper
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Elan Dickerson Natural Resources Defense Council on behalf of Elan Dickerson
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Merl & Judy Collins Natural Resources Defense Council on behalf of Merl and Judy Collins
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Michael Winn N/A
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Julie W. Joyner Woodlake Community Association, Inc.
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James S. Hagey Red Leaf Village
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Jeanne G. Martowski 91 Central Park West Corp.
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Kate Dorfler Natural Resources Defense Council on behalf of Kate Dorfler
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