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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
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Date Sort ascending First Name Last Name Organization Comment
Teri Mouro and Jerome Sherman DC Ranch View CommentView Comment Email: N/A
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Deborah Kraus N/A View CommentView Comment Email: N/A
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Tom Finholt Natural Resources Defense Council on behalf of Tom Finholt View CommentView Comment Email: N/A
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Terri Hauk Natural Resources Defense Council on behalf of Terri Hauk View CommentView Comment Email: N/A
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Julia Uribe Natural Resources Defense Council on behalf of Julia Uribe View CommentView Comment Email: N/A
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Laura Lynch Natural Resources Defense Council on behalf of Laura Lynch View CommentView Comment Email: N/A
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Leana Hall Natural Resources Defense Council on behalf of Leana Hall View CommentView Comment Email: N/A
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Gabriel Sheets Natural Resources Defense Council on behalf of Gabriel Sheets View CommentView Comment Email: N/A
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Dawn Norton N/A View CommentView Comment Email: N/A
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John and Anne MacNicholl N/A View CommentView Comment Email: N/A
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Sadie S. Buchferer Bay Terrace Cooperative, Section I, Inc. View CommentView Comment Email: N/A
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Charles Small Community Associations Institute View CommentView Comment Email: N/A
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Stan Penwell CSMDirect View CommentView Comment Email: N/A
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Patricia Van Cleave DC Ranch View CommentView Comment Email: N/A
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John Pelton N/A View CommentView Comment Email: N/A
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Lisa Muehler Natural Resources Defense Council on behalf of Lisa Muehler View CommentView Comment Email: N/A
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Carolyn Thomas Natural Resources Defense Council on behalf of Carolyn Thomas View CommentView Comment Email: N/A
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Rene Harp Natural Resources Defense Council on behalf of Rene Harp View CommentView Comment Email: N/A
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Ms. L. Hanzel Natural Resources Defense Council on behalf of L. Hanzel View CommentView Comment Email: N/A
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Chris Ashton Natural Resources Defense Council on behalf of Chris Ashton View CommentView Comment Email: N/A
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Ronnie Melin Natural Resources Defense Council on behalf of Ronnie Melin View CommentView Comment Email: N/A
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Wm and Darlene Naskoviak Rancho Resort View CommentView Comment Email: N/A
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Rick Taylor HTK Structural Engineers View CommentView Comment Email: N/A
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Gerald O. Kaplan Linden Towers Cooperative, #4, Inc. View CommentView Comment Email: N/A
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James R. Platt 91 Central Park West Corporation View CommentView Comment Email: N/A
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