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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Mary Jill Clark Natural Resources Defense Council on behalf of Mary Jill Clark
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Ivor Frischknecht Natural Resources Defense Council on behalf of ivor Frischknecht
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Nigel Saylor Natural Resources Defense Council on behalf of Nigel Saylor
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Chad Mallett Natural Resources Defense Council on behalf of Chad Mallett
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Nancy Kelly Natural Resources Defense Council on behalf of Nancy Kelly
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Michael Linvill Natural Resources Defense Council on behalf of Michael Linvill
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Elizabeth McHenry Natural Resources Defense Council on behalf of Elizabeth McHenry
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Sukey Barnhart Natural Resources Defense Council on behalf of Sukey Barnhart
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Inês Guerra Natural Resources Defense Council on behalf of Inês Guerra
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Laura Herndon Natural Resources Defense Council on behalf of Laura Herndon
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Lionel Mares Natural Resources Defense Council on behalf of Lionel Mares
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Anthony DeRiggi Natural Resources Defense Council on behalf of Anthony DeRiggi
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Paul Hunrichs Natural Resources Defense Council on behalf of Paul Hunrichs
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Jeff Armstrong EBSCO Gulf Coast Development
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Abigail Wolcott Natural Resources Defense Council on behalf of Abigail Wolcott
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Barbara Voss Natural Resources Defense Council on behalf of Barbara Voss
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Michael Nardi Fire Island Pines, Inc.
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Julie Beer Natural Resources Defense Council on behalf of Julie Beer
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Mrs. Walston Caroline Natural Resources Defense Council on behalf of Walston Caroline
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Nancy Devaux San Juan Community Home Trust
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Matt Hamilton N/A
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Kevin L. Shepherd American College of Real Estate Lawyers
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William Brisson Natural Resources Defense Council on behalf of William Brisson
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Patricia Nickles Natural Resources Defense Council on behalf of Patricia Nickles
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Frederick Janoski Natural Resources Defense Council on behalf of Frederick Janoski
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