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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
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
10/28/10 Brian Kittredge Ladera Ranch Community Service Organization (LARCS)
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10/25/10 Charles B. Rangel N/A
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10/22/10 Anthony Koestler 75 Central Park West Corporation
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10/22/10 Armando & Lisa Rutledge Ladera Ranch Community Service Organization (LARCS)
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10/22/10 John F. Shirey California Redevelopement Association (CRA)
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10/22/10 Lillian Hames Sonoma Marin Area Rail Transit (SMART)
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10/22/10 Linda S. Finkle The Villas at Shady Brook
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10/22/10 Robert D. Johns Law Offices of Johns, Monrow, Mitsunaga, and Kolouskova
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10/22/10 Ron Parr DMB/Highlands Group, LLC
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10/22/10 Toby Ann Stavisky N/A
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10/20/10 Arnold Goldstein Rent Stabilization Association (RSA)
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10/20/10 Bradley B. Geist The George Whitney Corporation
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10/20/10 Carle Flanigan 3420 Properties, Ltd.
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10/20/10 Cecilia Vonderheide Third Commonwealth Corporation
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10/20/10 Charles Roberts Beacon Hill at Vanderhaven Farm Condominium Association, Inc.
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10/20/10 Christine Nicholson Green Valley Townhouse Association, Inc.
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10/20/10 Claire Martheleur 21 East Tenth St. Owners, Corp.
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10/20/10 Clark D. Ivory Ivory Homes
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10/20/10 Dan Silver Endangered Habitats League (EHL)
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10/20/10 Dave Patton Middle Tennessee Association of REALTORS
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10/20/10 Donald Conner Conner Bros. Construction Company, Inc.
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10/20/10 Dwane Ille N/A
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10/20/10 Geraldine Torsiello N/A
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10/20/10 J. Ab Conner Conner Bros. Construction Company, Inc.
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10/20/10 Jennifer Courville Dunes West Property Association
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