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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
18 Linden Towers Cooperative No. 4 residents
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James Patterson Natural Resources Defense Council on behalf of James Patterson
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20 Mitchell Gardens No. 2 Cooperative Shareholders
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Jeff Darlington Placer Land Trust
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Peter W. Buermann 121-125 West 17 Owners Corporation
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Elizabeth M. Hagood Lowcountry Open Land Trust, Inc.
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Danielle Carbone N/A
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William & Lynne Black N/A
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Kelly E. Weiss People Trust
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Gavin Newsom City and County of San Francisco
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Edgar Miller Conservation Trust for NC (CTNC)
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Kate Burnaby Wright Wright Gallatin Valley Land Trust
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Theresa Barber N/A
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Ed Greer N/A
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Kenneth Gear Leading Builders of America
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Edwina Williams 91 Payson Owners Corp.
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Carl Flanigan 3420 Properties, Ltd.
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A. F. Debuck N/A
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Carla E. Walker N/A
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Ron Maddon Tejon Ranch Company
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Ivan J. Hurwitz 360 Cabrini Owners Corp.
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Dennis Smith Clearview Gardens Cooperative Corporations
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Louise Sorel N/A
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Steve Quinn Tejon Ranch Company
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Christopher J. Garvey N/A
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