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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Maxine Urheim DC Ranch View CommentView Comment Email: N/A
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Brett Wightman DC Ranch View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Nancy & Colin Markley DC Ranch View CommentView Comment Email: N/A
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Donald G. Rogers Natural Resources Defense Council on behalf of Donald G. Rogers View CommentView Comment Email: N/A
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Sally Simpson Natural Resources Defense Council on behalf of Sally Simpson View CommentView Comment Email: N/A
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Kathryn Richardson Natural Resources Defense Council on behalf of Kathryn Richardson View CommentView Comment Email: N/A
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James Pierson Natural Resources Defense Council on behalf of James Pierson View CommentView Comment Email: N/A
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Jimmy Nguyen Natural Resources Defense Council on behalf of Jimmy Nguyen View CommentView Comment Email: N/A
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Martin Hoffman 201 West 89 Owners, Inc. View CommentView Comment Email: N/A
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Francis Maurer N/A View CommentView Comment Email: N/A
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Dona and George Kazanjian Bay Terrace Cooperative Section II, Inc. View CommentView Comment Email: N/A
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Walter Larkin N/A View CommentView Comment Email: N/A
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Syd Kyle N/A View CommentView Comment Email: N/A
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Janel Freeman Quad Knopf, Inc. View CommentView Comment Email: N/A
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Peter Tsao Clearview Gardens Corporations View CommentView Comment Email: N/A
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David Egert Natural Resources Defense Council on behalf of David Egert View CommentView Comment Email: N/A
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Megan Ferry Natural Resources Defense Council on behalf of Megan Ferry View CommentView Comment Email: N/A
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Blake Wilson Natural Resources Defense Council on behalf of Blake Wilson View CommentView Comment Email: N/A
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Ms. Meri Dreyfuss Natural Resources Defense Council on behalf of Meri Dreyfuss View CommentView Comment Email: N/A
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Annie Belt Natural Resources Defense Council on behalf of Annie Belt View CommentView Comment Email: N/A
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Dana Bettwy Natural Resources Defense Council on behalf of Dana Bettwy View CommentView Comment Email: N/A
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George Litton 91 Central Park West Corporation View CommentView Comment Email: N/A
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Allison Easter Hillview Towers Corporation View CommentView Comment Email: N/A
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Frances and Alfred Locurcio Bay Terrace Cooperative Section II, Inc. View CommentView Comment Email: N/A
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