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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Kevin Joyce Black Swamp Conservancy View CommentView Comment Email: N/A
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Roy K. Pike, Jr., Rancho Sahuarita View CommentView Comment Email: N/A
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Sabina Lori Feiler N/A View CommentView Comment Email: N/A
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John A. Craft REALTORS Association of Lake and Sumpter Counties, Inc. View CommentView Comment Email: N/A
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Michael Gordon President Sterling Atrium Corporation View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Sunny Lybarger Rancho Sahuarita Resident View CommentView Comment Email: N/A
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Suzette Meshulam N/A View CommentView Comment Email: N/A
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Gilbert Contreras Rancho Sahuarita Village View CommentView Comment Email: N/A
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Julie Brotje Higgins The Trust Company View CommentView Comment Email: N/A
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Ricahrd Grossman N/A View CommentView Comment Email: N/A
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Jody McAuley N/A View CommentView Comment Email: N/A
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Congressman Ed Pastor View Comment Congresswoman Gabrielle Giffords, United States Congress; View CommentView Comment
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Unknown N/A View CommentView Comment Email: N/A
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William Jacquette N/A View CommentView Comment Email: N/A
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Adam Boules N/A View CommentView Comment Email: N/A
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Unknown N/A View CommentView Comment Email: N/A
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Jack Wei N/A View CommentView Comment Email: N/A
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Daniel Eves N/A View CommentView Comment Email: N/A
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Mike Pappas Knoxville Area Association of Realtors View CommentView Comment Email: N/A
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Kevin Condon N/A View CommentView Comment Email: N/A
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Thomas E. Lucas N/A View CommentView Comment Email: N/A
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Gaye Cattilini N/A View CommentView Comment Email: N/A
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Richard Perlmutter N/A View CommentView Comment Email: N/A
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Greg Slater Charlottesville Area Association of REALTORS View CommentView Comment Email: N/A
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