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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Steve Hirsch N/A View CommentView Comment Email: N/A
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Scott Durkin N/A View CommentView Comment Email: N/A
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Chris McCormick N/A View CommentView Comment Email: N/A
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Victoria Matus N/A View CommentView Comment Email: N/A
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Philippe Jordi Island Housing Trust View CommentView Comment Email: N/A
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Frances Ferguson HousingWorks Austin View CommentView Comment Email: N/A
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John Riddle N/A View CommentView Comment Email: N/A
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Gordon & Lillian Hardy 149 E. 73rd St. Cooperative View CommentView Comment Email: N/A
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Charlie Rivers N/A View CommentView Comment Email: N/A
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Jeffrey M. Rowe N/A View CommentView Comment Email: N/A
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Jennifer Geller N/A View CommentView Comment Email: N/A
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Shirley L. Russell N/A View CommentView Comment Email: N/A
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Rebecca Davis N/A View CommentView Comment Email: N/A
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Jim LeSieur Lennar Charitable Housing Foundation (LCHF) View CommentView Comment Email: N/A
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Ryan Miller Ladera Ranch View CommentView Comment Email: N/A
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Michael Tumminia Seward Park Cooperative Board of Directors View CommentView Comment Email: N/A
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Stephen LaBarbara Cooper Square Realty, Inc. View CommentView Comment Email: N/A
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Dalton Allen Greater Denton-Wise County Association of Realtors, Inc. View CommentView Comment Email: N/A
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Faye Godwin City Council, City of Chattahoochee Hills View CommentView Comment Email: N/A
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Paul Stein United Veterans Mutual Housing #2 Corporation, Bell Park Gardens View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Karen Kennerly N/A View CommentView Comment Email: N/A
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William Roy N/A View CommentView Comment Email: N/A
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Terry Smith Federal Home Loan Bank of Dallas View CommentView Comment Email: N/A
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Marvin Vipler N/A View CommentView Comment Email: N/A
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