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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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.

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Date First Name Last Name Organization Comment
Dick Alt N/A Helen Alt View CommentView Comment Email: N/A
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Michael Bowman N/A View CommentView Comment Email: N/A
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Dana Ippoliti Sienna Plantation Resident View CommentView Comment Email: N/A
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Charles B. Cornwell Greater Piedmont Area Association of Realtors, Inc. View CommentView Comment Email: N/A
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Jane Horton-Leasman N/A View CommentView Comment Email: N/A
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Charles Small Community Association Manager View CommentView Comment Email: N/A
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Michael Bowman N/A View CommentView Comment Email: N/A
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Sue A. Sweeney Sun City Hilton Head Community Association View CommentView Comment Email: N/A
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Tim Hudson Billings Association of REALTORS View CommentView Comment Email: N/A
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Louis Soffer Heritage Creek Condominium Association View CommentView Comment Email: N/A
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Angela Austin McKenzie Place Board of Directors View CommentView Comment Email: N/A
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Wesley Purdy Contract Marketing View CommentView Comment Email: N/A
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George Bell Winston-Salem Regional Association of REALTORS, Inc. View CommentView Comment Email: N/A
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Elizabeth J. Mendenhall Missouri Association of REALTORS President View CommentView Comment Email: N/A
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Nicholle Dagata Connecticut Association of REALTORS View CommentView Comment Email: N/A
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Peggy Norris Peachtree Place Condominiums, View CommentView Comment Email: N/A
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David Davin N/A View CommentView Comment Email: N/A
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Marybeth Muldowney Plymouth and South Shore Association of REALTORS, Inc. View CommentView Comment Email: N/A
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Jennie Zopfi River Counties Association of REALTORS (RCAR) View CommentView Comment Email: N/A
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Barbara Kotrady N/A View CommentView Comment Email: N/A
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Erik Dahl N/A View CommentView Comment Email: N/A
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Erv Fleishman N/A View CommentView Comment Email: N/A
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Lester Friedman Central Oregon Association of REALTORS Kathy Ragsdale View CommentView Comment Email: N/A
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Ryan Miller N/A View CommentView Comment Email: N/A
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Matt Barber Western Skies Group, Inc. View CommentView Comment Email: N/A
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