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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Rodney Hemmila Natural Resources Defense Council on behalf of Rodney Hemmila View CommentView Comment Email: N/A
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Dan Goldstein Natural Resources Defense Council on behalf of Dan Goldstein View CommentView Comment Email: N/A
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Brian Johnson Natural Resources Defense Council on behalf of Brian Johnson View CommentView Comment Email: N/A
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Kelly Garbato Natural Resources Defense Council on behalf of Kelly Garbato View CommentView Comment Email: N/A
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Brenda Sherman Natural Resources Defense Council on behalf of Brenda Sherman View CommentView Comment Email: N/A
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Anmorya Nolan Natural Resources Defense Council on behalf of Anmorya Nolan View CommentView Comment Email: N/A
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Roland Hauberg Natural Resources Defense Council on behalf of Roland Hauberg View CommentView Comment Email: N/A
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Summer Griffin Natural Resources Defense Council on behalf of Summer Griffin View CommentView Comment Email: N/A
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Ann Anderson Natural Resources Defense Council on behalf of Ann Anderson View CommentView Comment Email: N/A
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Alison Cox N/A View CommentView Comment Email: N/A
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Agneta S. Natural Resources Defense Council on behalf of Agneta S. View CommentView Comment Email: N/A
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Sandy Zelasko Natural Resources Defense Council on behalf of Sandy Zelasko View CommentView Comment Email: N/A
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Lynn Holtz Natural Resources Defense Council on behalf of Lynn Holtz View CommentView Comment Email: N/A
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Hilda Bolden Natural Resources Defense Council on behalf of Hilda Bolden View CommentView Comment Email: N/A
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Rachel M. Hervey Natural Resources Defense Council on behalf of Rachel M. Hervey View CommentView Comment Email: N/A
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Michael Rosell Natural Resources Defense Council on behalf of Michael Rosell View CommentView Comment Email: N/A
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Seth Hirsh Natural Resources Defense Council on behalf of Seth Hirsh View CommentView Comment Email: N/A
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J. Peter Leisure World Lucia M. Wilson. View CommentView Comment Email: N/A
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Kym Markley Shea Homes View CommentView Comment Email: N/A
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R. Ferrier Natural Resources Defense Council on behalf of R. Ferrier View CommentView Comment Email: N/A
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Martin Stein N/A View CommentView Comment Email: N/A
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Kendall Linzee Natural Resources Defense Council on behalf of Kendall Linzee View CommentView Comment Email: N/A
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Ms. Lowry Bass Natural Resources Defense Council on behalf of Lowry Bass View CommentView Comment Email: N/A
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Rena Lewis Natural Resources Defense Council on behalf of Rena Lewis View CommentView Comment Email: N/A
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Ms. D. Lewellen Natural Resources Defense Council on behalf of D. Lewellen View CommentView Comment Email: N/A
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