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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
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Neil Garfinkel N/A View CommentView Comment Email: N/A
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Ralph DeRosa NTS/Virginia Development Company View CommentView Comment Email: N/A
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Rancho Sahuarita N/A View CommentView Comment Email: N/A
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Hoyt Spelman N/A View CommentView Comment Email: N/A
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Kathy Schneider N/A View CommentView Comment Email: N/A
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Michael Daly N/A View CommentView Comment Email: N/A
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Barbara Ann Rogers N/A View CommentView Comment Email: N/A
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Ira Yuspeh N/A View CommentView Comment Email: N/A
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Tiasha Pickett N/A View CommentView Comment Email: N/A
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Alan Bell N/A View CommentView Comment Email: N/A
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Monica Manalo N/A View CommentView Comment Email: N/A
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Silvio Bercovici N/A View CommentView Comment Email: N/A
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Maria Reid N/A View CommentView Comment Email: N/A
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Sarah Orlinsky-Maitland N/A View CommentView Comment Email: N/A
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Gabriel Giles N/A View CommentView Comment Email: N/A
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Cindy Van Dorn N/A View CommentView Comment Email: N/A
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Barbara Licalzi N/A View CommentView Comment Email: N/A
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Natasha Sinkov N/A View CommentView Comment Email: N/A
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Corinne Pulitzer N/A View CommentView Comment Email: N/A
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John Caraccioli N/A View CommentView Comment Email: N/A
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Elliot Ratchik N/A View CommentView Comment Email: N/A
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Charlie Lewis N/A View CommentView Comment Email: N/A
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Elaine Tross N/A View CommentView Comment Email: N/A
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Bryan Tomczuk N/A View CommentView Comment Email: N/A
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Heather Marcellis N/A View CommentView Comment Email: N/A
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