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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Brian Schumann Bradley Crossroads, LLC View CommentView Comment Email: N/A
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Bryan Dunson N/A View CommentView Comment Email: N/A
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Darell Schmidt Deerwood Development Group, Inc. View CommentView Comment Email: N/A
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Taylor Samuels Global Asset Capital, LLC View CommentView Comment Email: N/A
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Carlo Menchaca N/A View CommentView Comment Email: N/A
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Randy Brewster Bayview Landing Homeowners Association View CommentView Comment Email: N/A
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Randy Brewster Villas of Bethany West Condominium Association View CommentView Comment Email: N/A
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Chris Clemente Comstock Homebuilding Companies, Inc. View CommentView Comment Email: N/A
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Allan Brandt Premise Real Estate, LLC View CommentView Comment Email: N/A
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Bureon Ledbetter BEL Group, LLC View CommentView Comment Email: N/A
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Natalie Sjaardema N/A View CommentView Comment Email: N/A
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Zane Berry N/A View CommentView Comment Email: N/A
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Jaylynn Andersen N/A View CommentView Comment Email: N/A
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Randy Brewster Henlopen Gardens Homeowners Association View CommentView Comment Email: N/A
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Randy Brewster Eagles Landing 2 Homeowners Association View CommentView Comment Email: N/A
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Keith Edmond Future Save Energy, LLC View CommentView Comment Email: N/A
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Chip Hellmann Burrus Ridge Golf Community, LLC View CommentView Comment Email: N/A
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Brian Grant McHayland and Associates, LLC View CommentView Comment Email: N/A
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Mary Ann Rothman Council of New York Cooperatives and Condominiums View CommentView Comment Email: N/A
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Alan Walker First Strategic Capital NC, LLC View CommentView Comment Email: N/A
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Randy Brewster Eagles Landing 1 Homeowners Association View CommentView Comment Email: N/A
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Randy Brewster Retreat Homeowners Association View CommentView Comment Email: N/A
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Dean , Antonakos Cynergy, LLC View CommentView Comment Email: N/A
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Kimbo Kellahan River House Jason Luquire, River House; RA Green, River House; View CommentView Comment Email: N/A
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Ciera Kizerian Marriott Group View CommentView Comment Email: N/A
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