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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Allan Young Natural Resources Defense Council on behalf of Allan Young View CommentView Comment Email: N/A
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Steve Smith Natural Resources Defense Council on behalf of Steve Smith View CommentView Comment Email: N/A
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Susan Stover Natural Resources Defense Council on behalf of Susan Stover View CommentView Comment Email: N/A
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Carolyn Licht Natural Resources Defense Council on behalf of Carolyn Licht View CommentView Comment Email: N/A
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Lori Lentz Natural Resources Defense Council on behalf of Lori Lentz View CommmentView Comment Email: N/A
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Stephen Ritzel Natural Resources Defense Council on behalf of Stephen Ritzel View CommentView Comment Email: N/A
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Mr. J. Hynd Natural Resources Defense Council on behalf of J. Hynd View CommentView Comment Email: N/A
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Timothy Viselli Natural Resources Defense Council on behalf of Timothy Viselli View CommentView Comment Email: N/A
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Ron Avila Natural Resources Defense Council on behalf of Ron Avila View CommentView Comment Email: N/A
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Ralph Guerra, IV Natural Resources Defense Council on behalf of Ralph Guerra, IV View CommentView Comment Email: N/A
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Michael Tessaro N/A View CommentView Comment Email: N/A
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Gail Rubio Natural Resources Defense Council on behalf of Gail Rubio View CommentView Comment Email: N/A
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Diane Wessing Natural Resources Defense Council on behalf of Diane Wessing View CommentView Comment Email: N/A
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Jaquelyn Chagnon Natural Resources Defense Council on behalf of Jaquelyn Chagnon View CommentView Comment Email: N/A
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Marilynn Smith Natural Resources Defense Council on behalf of Marilynn Smith View CommentView Comment Email: N/A
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Linda Faler Natural Resources Defense Council on behalf of Linda Faler View CommentView Comment Email: N/A
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A. Andrea Heiny Natural Resources Defense Council on behalf of A. Andrea Heiny View CommentView Comment Email: N/A
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Tresa Taylor N/A View CommentView Comment Email: N/A
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Mike Consiglio Shapell Homes View CommentView Comment Email: N/A
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Sally Marti N/A View CommentView Comment Email: N/A
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Joe Renga N/A View CommentView Comment Email: N/A
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Valerie Mettler Lake Erie Islands Chapter, Black Swamp Conservancy View CommentView Comment Email: N/A
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Christine S. Reilly N/A View CommentView Comment Email: N/A
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Nina Serman Natural Resources Defense Council on behalf of Nina Serman View CommentView Comment Email: N/A
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Bonnie Margay Burke Natural Resources Defense Council on behalf of Bonnie Margay Burke View CommentView Comment Email: N/A
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