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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Carol Taylor Natural Resources Defense Council on behalf of Carol Taylor View CommentView Comment Email: N/A
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Lisa Smith Linden Towers Cooperative No. 6 View CommentView Comment Email: N/A
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Lawrence J. Hanley Amalgamated Transit Union View CommentView Comment Email: N/A
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Patricia Jones Lower 9th Ward Neighborhood Empowerment Network Association (NENA) View CommentView Comment Email: N/A
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Rachelle Rheault Ladera Ranch View CommentView Comment Email: N/A
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Renee Bohrer N/A View CommentView Comment Email: N/A
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Gene Gomberg FirstService Residential Management View CommentView Comment Email: N/A
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Joseph Pigg American Bankers Association (ABA) View CommentView Comment Email: N/A
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Kirstie Palmer N/A View CommentView Comment Email: N/A
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David C. Robinson N/A View CommentView Comment Email: N/A
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Michelle Griffith ARCH Community Housing Trust View CommentView Comment Email: N/A
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Roger Coble West Market Realty Company View CommentView Comment Email: N/A
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Abigail Lash N/A View CommentView Comment Email: N/A
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Heather J. Gould Goldfard and Lipman, LLP View CommentView Comment Email: N/A
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Marjorie Murray Center for California Homeowner Association Law View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Tom Mooers Coalition to Save Community Benefits Joel Reynolds; James A. Kraft; Leslie Ratley-Beach; John Eaton; Eneas…View Comment
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David S. Fisher Federal Home Loan Bank of Topeka View CommentView Comment Email: N/A
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George M. Covington Law Offices of George M. Covington, LLC View CommentView Comment Email: N/A
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Meg Siegel N/A View CommentView Comment Email: N/A
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Connie Chavez Sawmill Community Land Trust View CommentView Comment Email: N/A
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Wu Wing K. 8 Linden Towers Cooperative No. 3 View CommentView Comment Email: N/A
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Marion E. Ebner Grandview Towers Cooperative, Inc. View CommentView Comment Email: N/A
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Barbara Navin Thistle Community Land Trust View CommentView Comment Email: N/A
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