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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Herman Rosen N/A View CommentView Comment Email: N/A
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Loren Mooney 1260 Apartment Corporation View CommentView Comment Email: N/A
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Mayra Martinez Natural Resources Defense Council on behalf of Mayra Martinez View CommentView Comment Email: N/A
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Mike Pfeffer Natural Resources Defense Council on behalf of Mike Pfeffer View CommentView Comment Email: N/A
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Jennifer Patton Natural Resources Defense Council on behalf of Jennifer Patton View CommentView Comment Email: N/A
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Zane Stiffler Natural Resources Defense Council on behalf of Zane Stiffler View CommentView Comment Email: N/A
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Pamela Franzone Natural Resources Defense Council on behalf of Pamela Franzone View CommentView Comment Email: N/A
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Steve and Marion Bell N/A View CommentView Comment Email: N/A
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Suzel Stamoleman N/A View CommentView Comment Email: N/A
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Audrey Kaplan Linden Towers, #4, Inc. View CommentView Comment Email: N/A
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Lou Taormina N/A View CommentView Comment Email: N/A
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Arthur N. Landau N/A View CommentView Comment Email: N/A
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Mary Edna Williams North Carolina Association of REALTORS View CommentView Comment Email: N/A
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Vicario Brensley Phillip N/A View CommentView Comment Email: N/A
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Stanley Chao Natural Resources Defense Council on behalf of Stanley Chao View CommentView Comment Email: N/A
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Elizabeth Deland Natural Resources Defense Council on behalf of Elizabeth Deland View CommentView Comment Email: N/A
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Jacqueline Lasahn Natural Resources Defense Council on behalf of Jacqueline Lasahn View CommentView Comment Email: N/A
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Sarah Baker Natural Resources Defense Council on behalf of Sarah Baker View CommentView Comment Email: N/A
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Julie Whitcomb Natural Resources Defense Council on behalf of Julie Whitcomb View CommentView Comment Email: N/A
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Linda Robb Natural Resources Defense Council on behalf of Linda Robb View CommentView Comment Email: N/A
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Jennifer Wilson N/A View CommentView Comment Email: N/A
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Paul Campos Building Industry Association of the Bay Area View CommentView Comment Email: N/A
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Virginia M. Burlin Bay Terrace Cooperative Section #1, Inc. View CommentView Comment Email: N/A
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Marilyn A. Jackson N/A View CommentView Comment Email: N/A
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Anne McGill DC Ranch View CommentView Comment Email: N/A
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