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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
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Unknown N/A View CommentView Comment Email: N/A
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Tom Mooers Coalition to Save Community Benefits Joel Reynolds; James A. Kraft; Leslie Ratley-Beach; John Eaton; Eneas…View Comment
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George M. Covington Law Offices of George M. Covington, LLC View CommentView Comment Email: N/A
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Connie Chavez Sawmill Community Land Trust View CommentView Comment Email: N/A
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Marion E. Ebner Grandview Towers Cooperative, Inc. View CommentView Comment Email: N/A
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Anthony Rheault Ladera Ranch View CommentView Comment Email: N/A
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Douglas P. Warwick N/A View CommentView Comment Email: N/A
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Michelle Sedlitz N/A View CommentView Comment Email: N/A
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Robert Meehan N/A View CommentView Comment Email: N/A
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Peter E. Gutzmer Federal Home Loan Bank of Chicago View CommentView Comment Email: N/A
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Ab Conner Conner Bros. Construction Co. View CommentView Comment Email: N/A
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Helen Hong Twin Pines Housing Trust View CommentView Comment Email: N/A
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Greg Weaver Catellus Development Group View CommentView Comment Email: N/A
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Lloyd Doggett N/A View CommentView Comment Email: N/A
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Dan Silver Endangered Habitats League Jean Watt, Friends of Harbors, Beaches and Parks; Van K. Collinsworth,…View Comment
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Harriet Greene 7 Mitchell Gardens No. 2 Cooperative View CommentView Comment Email: N/A
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Roy E. Godwin Serenbe community of the City of Chattahoochee Hills, Georgia View CommentView Comment Email: N/A
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Abhijeet Joshi 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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Victoria Matus N/A View CommentView Comment Email: N/A
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Frances Ferguson HousingWorks Austin 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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Jeffrey M. Rowe 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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Jim LeSieur Lennar Charitable Housing Foundation (LCHF) View CommentView Comment Email: N/A
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