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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
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Date Sort ascending First Name Last Name Organization Comment
10/16/10 Steve Orselet N/A
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10/16/10 Robert S. Freedman Hospitality, Timesharing and Common Interests Development Group
Neil S. Kessler, Commercial Real Estate Transactions Group; Daniel Q.…
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10/16/10 J.D. Rinehart, Jr. South Carolina Realtors
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10/16/10 Pat Kane Garrett County Board of Realtors, Inc.
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10/16/10 Ian Winters Northern California Land Trust
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10/16/10 Gordon & Lillian Hardy 149 E. 73rd St. Cooperative
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10/16/10 Ab Conner Conner Bros. Construction Co.
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10/16/10 Heather J. Gould Goldfard and Lipman, LLP
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10/16/10 Giuseppe Scalia 16th Street Tenants Corp.
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10/16/10 Sidney Cholmar N/A
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10/16/10 Craig D. Guidry Sperry Van Ness
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10/16/10 Dorothy W. Coble Dorothy CobleWest Market Realty Co.
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10/16/10 Paul B. Héroux Federal Home Loan Bank of New York
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10/16/10 John Riddle N/A
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10/16/10 John R. Ryan Seward Park
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10/16/10 Abigail Lash N/A
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10/16/10 Dorothy W. Dugger San Francisco Bay Area Rapid Transit District
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10/16/10 Joan Chendes Sunrise Bay Homeowners Association
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10/16/10 Jason Lopez N/A
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10/16/10 Arnold Schwarzenegger State of California, Governor's Office
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10/16/10 Ilene Merlis N/A
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10/16/10 Frances Ferguson HousingWorks Austin
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10/16/10 Peter E. Gutzmer Federal Home Loan Bank of Chicago
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10/16/10 Roger Coble West Market Realty Company
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10/16/10 Vicki L. Stier Highlands Council
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10/16/10 Eneas A. Kane DMB Associates, Inc.
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10/16/10 Noah Dopkins N/A
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10/16/10 Leslie Singer N/A
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10/16/10 William A. John N/A
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10/16/10 Philippe Jordi Island Housing Trust
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10/16/10 Elizabeth A. Spencer Austin Housing Finance Corporation
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10/16/10 Michelle Griffith ARCH Community Housing Trust
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10/16/10 Carrie E. Banks North Carolina Rail-Trails
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10/16/10 Mark Niven N/A
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10/16/10 Brian Kittredge Ladera Ranch Community Service Organization (LARCS)
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10/16/10 Karen Kennerly N/A
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10/16/10 Debra Pinto N/A
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10/16/10 Thuy Truong N/A
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10/16/10 William Roy N/A
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10/16/10 Steve Hirsch N/A
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10/16/10 Kinnaird Fox N/A
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10/16/10 Gene Gomberg FirstService Residential Management
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10/16/10 Stephen Wald Wald Real Estate
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10/16/10 Cheryl Daly Sotheby's Homes
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10/16/10 Sue Ellen Mikowski N/A
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10/16/10 Kathleen Kalmes N/A
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10/16/10 Unknown N/A
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10/16/10 Charles Feldman N/A
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10/16/10 Cheryl Guerrero N/A
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10/16/10 Linda DeLuca N/A
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