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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Beryl Rosendorf The Cromwell Cooperative View CommentView Comment Email: N/A
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Dina Blume Renewing Hope Counseling View CommentView Comment Email: N/A
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Tony Gonzalez N/A View CommentView Comment Email: N/A
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Cheryl Guerrero N/A View CommentView Comment Email: N/A
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Kathleen Kalmes N/A View CommentView Comment Email: N/A
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Thuy Truong N/A View CommentView Comment Email: N/A
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Harvey Ravner Coalition to Preserve Community Funding View CommentView Comment Email: N/A
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Carol Gore Cook Inlet Housing Authority View CommentView Comment Email: N/A
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Elizabeth Hamersley N/A View CommentView Comment Email: N/A
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Leslie Singer N/A View CommentView Comment Email: N/A
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Arnold Schwarzenegger State of California, Governor's Office View CommentView Comment Email: N/A
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Dorothy W. Coble Dorothy CobleWest Market Realty Co. View CommentView Comment Email: N/A
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Pat Kane Garrett County Board of Realtors, Inc. View CommentView Comment Email: N/A
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Mark Winter American Land Title Association View CommentView Comment Email: N/A
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Gregory L. Teare Federal Home Loan Bank of Indianapolis (FHLBI) View CommentView Comment Email: N/A
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Jim Matson Golden Rain Foundation View CommentView Comment Email: N/A
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Kurt D. Weyrauch N/A View CommentView Comment Email: N/A
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J.B. Alderman Freehold Capital Partners View CommentView Comment Email: N/A
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Timothy Dwyer 603 West 111th Street Owners Corp. View CommentView Comment Email: N/A
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Michael J. Scanlon San Mateo County Transit District (SamTran) View CommentView Comment Email: N/A
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Aaron B. Lee Federal Home Loan Bank of Des Moines View CommentView Comment Email: N/A
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Jack Zatt Cromwell Cooperative View CommentView Comment Email: N/A
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Jag K. Jagtiani 7 West 96th Street Corporation View CommentView Comment Email: N/A
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Kim Schmidt N/A View CommentView Comment Email: N/A
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Leslie Platt Sun City Vistoso Community Association, Inc. View CommentView Comment Email: N/A
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