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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Ms. M. Sage Natural Resources Defense Council on behalf of M. Sage View CommentView Comment Email: N/A
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Charlotte Picot Forest Hills South Owners, Inc. View CommentView Comment Email: N/A
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Paul Walker N/A View CommentView Comment Email: N/A
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Jerry Ford Dc Ranch View CommentView Comment Email: N/A
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Bari Winter Natural Resources Defense Council on behalf of Bari Winter View CommentView Comment Email: N/A
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Mordecai B. Braunstein N/A View CommentView Comment Email: N/A
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Christiane Petroff N/A View CommentView Comment Email: N/A
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Vijay Bahl N/A View CommentView Comment Email: N/A
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Paul Nieermeier Natural Resources Defense Council on behalf of Paul Nieermeier View CommentView Comment Email: N/A
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Vicente Marin Natural Resources Defense Council on behalf of Vicente Marin View CommentView Comment Email: N/A
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Inna Gergel Natural Resources Defense Council on behalf of Inna Gergel View CommentView Comment Email: N/A
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Peggy Bentley Natural Resources Defense Council on behalf of Peggy Bentley View CommentView Comment Email: N/A
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Kristina Long Natural Resources Defense Council on behalf of Kristina Long View CommentView Comment Email: N/A
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Robert Waisman 368 West 23rd St. Aparttments, Inc. View CommentView Comment Email: N/A
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Patrick A. Torsiello Leisure World View CommentView Comment Email: N/A
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Brian L. Hampton Viskaton - Johnson & Johnson Vision Care, Inc. View CommentView Comment Email: N/A
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Emily Eggan Natural Resources Defense Council on behalf of Emily Eggan View CommentView Comment Email: N/A
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Francine Fogarty N/A View CommentView Comment Email: N/A
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Michael Schell 336 Tenants Corporation View CommentView Comment Email: N/A
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Fernanda Fiori Natural Resources Defense Council on behalf of Fernanda Fiori View CommentView Comment Email: N/A
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Emily Handy N/A View CommentView Comment Email: N/A
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Jan Blum Natural Resources Defense Council on behalf of Jan Blum View CommentView Comment Email: N/A
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Alan H. Goodson Natural Resources Defense Council on behalf of Alan H. Goodson View CommentView Comment Email: N/A
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Devin Bokaer N/A View CommentView Comment Email: N/A
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Ester L. Lim N/A View CommentView Comment Email: N/A
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