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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Laura S. Crowther Coastal Carolinas Association of REALTORS, Inc. View CommentView Comment Email: N/A
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Conrad Cambron N/A View CommentView Comment Email: N/A
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Sylvia Johnson 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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Paul Hazen National Cooperative Business Association (NCBA) View CommentView Comment Email: N/A
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Kathleen Wells 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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Marc Chadbourne Maine Association of REALTORS View CommentView Comment Email: N/A
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D. Paul Clark South Bay Association of REALTORS View CommentView Comment Email: N/A
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Bob Hansen N/A View CommentView Comment Email: N/A
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The Greater Idaho Falls Association of REALTORS View CommentView Comment Email: N/A
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Larry Johnson Arlington Board of REALTORS, Inc. View CommentView Comment Email: N/A
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Ervin Fleishman N/A View CommentView Comment Email: N/A
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Christine Chase Mainstreet Organization of REALTORS View CommentView Comment Email: N/A
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Marge Stanley Bretton Woods Homeowners Association, Inc. View CommentView Comment Email: N/A
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William Dane N/A View CommentView Comment Email: N/A
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DANIEL C. GALLAGHER The Whitehall Cooperative MARGARET A. WHELAN, The Whitehall Coop; View CommentView Comment Email: N/A
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Kettle Moraine Kettle Moraine REALTORS Association View CommentView Comment Email: N/A
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Roy Poucher N/A View CommentView Comment Email: N/A
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Jeff Ings N/A View CommentView Comment Email: N/A
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Bob Mariani Sun City Vistoso Community Association, Inc. View CommentView Comment Email: N/A
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Ray Chandos Rural Canyons Conservation Fund View CommentView Comment Email: N/A
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Cindy Stackhouse Virginia Association of REALTORS View CommentView Comment Email: N/A
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