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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Michael Kurtz Clearview Gardens Corporations View CommentView Comment Email: N/A
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Andrew and Karen Roberts DC Ranch View CommentView Comment Email: N/A
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Chantal & Norman Schiller Clearview Gardens Corporation View CommentView Comment Email: N/A
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Joshua E. Gat 60-68 Apartment Corporation View CommentView Comment Email: N/A
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Catherine Parshalle Natural Resources Defense Council on behalf of Catherine Parshalle 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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Carol Carson Natural Resources Defense Council on behalf of Carol Carson View CommentView Comment Email: N/A
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Jim Phillips Natural Resources Defense Council on behalf of Jim Phillips View CommentView Comment Email: N/A
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Pamela Magers Natural Resources Defense Council on behalf of Pamela Magers View CommentView Comment Email: N/A
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Ms. Lee Smith Natural Resources Defense Council on behalf of Lee Smith View CommentView Comment Email: N/A
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Barbara Karp Shuster 91 Central Park West Corporation View CommentView Comment Email: N/A
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Carl Mankowitz 302 West 86th Owners Corporation View CommentView Comment Email: N/A
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Harriet Aronow Bay Terrace Cooperative Section III, Inc. View CommentView Comment Email: N/A
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Kathryn A. Gardow PCC Farmland Trust View CommentView Comment Email: N/A
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Kurt Jacobson Lennar View CommentView Comment Email: N/A
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Kathleen Lambe N/A View CommentView Comment Email: N/A
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Marsha Hunter 123 Apartments Corporation View CommentView Comment Email: N/A
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Christine Jacobi Natural Resources Defense Council on behalf of Christine Jacobi View CommentView Comment Email: N/A
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Cailah Moschella Natural Resources Defense Council on behalf of Cailah Moschella View CommentView Comment Email: N/A
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Ms. E. Peterson Natural Resources Defense Council on behalf of E. Peterson View CommentView Comment Email: N/A
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Kim Treadwell Natural Resources Defense Council on behalf of Kim Treadwell View CommentView Comment Email: N/A
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Dominick Falzone Natural Resources Defense Council on behalf of Dominick Falzone View CommentView Comment Email: N/A
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Dona van Bloemen Natural Resources Defense Council on behalf of Dona van Bloemen View CommentView Comment Email: N/A
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Peter Janovsky 91 Central Park West Corporation View CommentView Comment Email: N/A
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James C. Ghielmetti Signature Homes View CommentView Comment Email: N/A
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