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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Marylynn Grimes Natural Resources Defense Council on behalf of Marylynn Grimes View CommentView Comment Email: N/A
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Lynne Fletcher Natural Resources Defense Council on behalf of Lynne Fletcher View CommentView Comment Email: N/A
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Luis Mendieta Natural Resources Defense Council on behalf of Luis Mendieta View CommentView Comment Email: N/A
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David Boyer Natural Resources Defense Council on behalf of David Boyer View CommentView Comment Email: N/A
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Madeleine Berke Natural Resources Defense Council on behalf of Madeleine Berke View CommentView Comment Email: N/A
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Teymur Mammadzade Natural Resources Defense Council on behalf of Teymur Mammadzade View CommentView Comment Email: N/A
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Marcia Robinson Natural Resources Defense Council on behalf of Marcia Robinson View CommentView Comment Email: N/A
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Victoria Clark Natural Resources Defense Council on behalf of Victoria Clark View CommentView Comment Email: N/A
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Ana Abraldes Natural Resources Defense Council on behalf of Ana Abraldes View CommentView Comment Email: N/A
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Jerry Cibilic Natural Resources Defense Council on behalf of Jerry Cibilic View CommentView Comment Email: N/A
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Traci Squyres Natural Resources Defense Council on behalf of Traci Squyres View CommentView Comment Email: N/A
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Michael Prandini Building Industry Association of Fresno/Madera Counties View CommentView Comment Email: N/A
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Louise Clayton Natural Resources Defense Council on behalf of Louise Clayton View CommentView Comment Email: N/A
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Michele E. Skupic Chicago Title Company, Northern CA Division View CommentView Comment Email: N/A
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Trent Wilfinger DC Ranch View CommentView Comment Email: N/A
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Keira Sealy Natural Resources Defense Council on behalf of Keira Sealy View CommentView Comment Email: N/A
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Michelle Dougherty Natural Resources Defense Council on behalf of Michelle Dougherty View CommentView Comment Email: N/A
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Heidi Otten Natural Resources Defense Council on behalf of Heidi Otten View CommentView Comment Email: N/A
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Johnny & Lynda Ashcraft N/A View CommentView Comment Email: N/A
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Tony Frayji N/A View CommentView Comment Email: N/A
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Larry Simonetti N/A View CommentView Comment Email: N/A
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Hedrick Belin Potomac Conservancy View CommentView Comment Email: N/A
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Suzanne Blom The Oaks Townhouse Community View CommentView Comment Email: N/A
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Caitlin Hawke 855 West End Owners Corp. View CommentView Comment Email: N/A
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Evelyn Stern Natural Resources Defense Council on behalf of Evelyn Stern View CommentView Comment Email: N/A
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