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Private Transfer Fees: Final Rule

Open Date:
Open for comment
Deadline:
All comments are due by
Type:
Final Rule
Number:
RIN-2590-AA41
Group:
Fannie Mae; Freddie Mac; Federal Home Loan Banks; Supervision and Regulation; Policies, Program & Research
Fannie Mae; FHLBanks; Freddie Mac
Document Number:
 
CFR:
12 CFR 1228
CFR Description:
 
Federal Register Publish Date:
3/16/2012
Federal Register Citation:
View Document:
 
Contact Information:

​Mark D. Laponsky, Deputy General Counsel, (202) 649-3054 or Christopher T. Curtis, Senior Deputy General Counsel, (202) 649-3051 (not toll-free numbers), Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024.  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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Related Documents:
 

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SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing a final rule to restrict the regulated entities--the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises), and the Federal Home Loan Banks (Banks)—from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants and in certain related securities. This final rule is intended to protect the regulated entities from exposure to mortgages with certain features that may impair their value and increase risk to the financial safety and soundness of the entities. FHFA intends that the regulated entities develop reasonable means and appropriate methods to implement the rule in consultation with FHFA.

DATES: This final rule is effective July 16, 2012.​

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