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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Renee McCollum Natural Resources Defense Council on behalf of Renee McCollum
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Gary Brooker Natural Resources Defense Council on behalf of Gary Brooker
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Brad Martin Natural Resources Defense Council on behalf of Brad Martin
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Laura Juszak Natural Resources Defense Council on behalf of Laura Juszak
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Almae Leal Natural Resources Defense Council on behalf of Almae Leal
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J. Holley Taylor Natural Resources Defense Council on behalf of J. Holley Taylor
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Margarita Sanchez Natural Resources Defense Council on behalf of Margarita Sanchez
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Joseph Skelley Natural Resources Defense Council on behalf of Joseph Skelley
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Matthew Quellas Natural Resources Defense Council on behalf of Matthew Quellas
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Sheila Spencer Natural Resources Defense Council on behalf of Sheila Spencer
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Steve Freedman Natural Resources Defense Council on behalf of Steve Freedman
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Catalina Valverde-Ayllon Natural Resources Defense Council on behalf of Catalina Valverde-Ayllon
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Timothy Prough Natural Resources Defense Council on behalf of Timothy Prough
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Vic. Bostock Natural Resources Defense Council on behalf of Vic. Bostock
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Jude Skurray Natural Resources Defense Council on behalf of Jude Skurray
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Rose-Marie Armstrong 333 E. 46 St. Corp.
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Donald Webb Natural Resources Defense Council on behalf of Donald Webb
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Mary K. Rutherfurd N/A
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Peter Lyon N/A
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DS Powell Natural Resources Defense Council on behalf of DS Powell
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Azalia Poppystone Natural Resources Defense Council on behalf of Azalia Poppystone
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Fassio Elder Natural Resources Defense Council on behalf of Fassio Elder
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Murray Kelley 524 East 6th St. HDFC, Inc.
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Thomas H. Stevenson Mor 7th Avenue Owners Corp.
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Phil Crist Natural Resources Defense Council on behalf of Phil Crist
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