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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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 Mark Weinberg Villago Homeowners' Association
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10/16/10 Donna Stone N/A
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10/16/10 David L. Ledford National Association of Home Builders (NAHB)
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10/16/10 George M. Covington Law Offices of George M. Covington, LLC
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10/16/10 Lloyd Doggett N/A
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10/16/10 Jim LeSieur Lennar Charitable Housing Foundation (LCHF)
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10/16/10 David I. Weprin New York State Assembly
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10/16/10 Timothy Dwyer 603 West 111th Street Owners Corp.
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10/16/10 Mark Wooldridge WEM Financial
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10/16/10 Sheldon Silver The Assembly, State of New York, Albany
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10/16/10 Robert Falcone N/A
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10/16/10 Meg Siegel N/A
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10/16/10 John Troccoli N/A
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10/16/10 Celena Y. Ramos DMB Associates, Inc.
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10/15/10 Ellen Q. Clark The Association at Stonehouse, Inc.
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10/15/10 Vincent & Mary Ann Lofredo Bay Terrace Cooperative, Section III, Inc.
Demetrios Frangiskatos; Ilena Sheila Oliwenstein; Vera & James Tah…
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10/15/10 Ghislaine Absy Real Estate Board of New York (REBNY)
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10/15/10 Salvatore J. Tozzi, Sr. Leisure Village West Association
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10/15/10 Rebecca McLean National Real Estate Investors Association (REIA)
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10/15/10 Wendy Wilson Gallatin Association of Realtors (GAR)
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10/15/10 Bobby Sher Bell Park Manor Terrace and Presidents Co-op Council
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10/15/10 Maddy Acken Bay Terrace, Section VIII
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10/15/10 37 Members of The United States Congress
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10/15/10 Gene Thorpe Placer County Association of Realtors
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10/15/10 Melissa M. Tee Jackson Area Association of Realtors
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10/15/10 Catoldo Strippoli Clearview Gardens Corporations
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10/15/10 Stanly Fish Clearview Gardens Corporations
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10/15/10 Dennis Smith Clearview Gardens Cooperative Corporations
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10/15/10 20 Mitchell Gardens No. 2 Cooperative Shareholders
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10/15/10 Luisa Gosman Bay Terrace Cooperative Section III, Inc.
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10/15/10 Cecilia Howard Linden Towers #1 Cooperative
Ethel Z. View Comment
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10/15/10 William T. Johnson N/A
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10/15/10 Dr. & Mrs. Thomas W. Jefferson N/A
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10/15/10 Goldman & Yukmay Loo Mitchell Gardens # 2 Co-op.
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10/15/10 Rusty Monk N/A
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10/15/10 Joseph DiAngelo Century 21, Moose Country, Realtors
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10/15/10 James A. Kraft Plum Creek Timber Company, Inc.
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10/15/10 Donald Winchester Brown, III N/A
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10/15/10 Joy Gramolini N/A
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10/15/10 Terrence LeRay N/A
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10/15/10 Matt Boeger Cristallago Development Corp.
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10/15/10 James Patterson Natural Resources Defense Council on behalf of James Patterson
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10/15/10 Ivan J. Hurwitz 360 Cabrini Owners Corp.
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10/15/10 Allen E. Lyda Tejon Ranch Company
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10/15/10 Joe Rowbotham Leisure World Community Association
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10/15/10 Dianne J. Spaulding The Non-Profit Housing Association of Northern California
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10/15/10 Eric Asmundsson Beekman Hill House Corp.
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10/15/10 Sylvia Hawks Tejon Ranch Company
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10/15/10 Errol Dillon Natural Resources Defense Council on behalf of Errol Dillon
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10/15/10 Andrew Brucker Association of the Bar of the City of New York
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