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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Margaret Fort DC Ranch
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Christina Smith Natural Resources Defense Council on behalf of Christina Smith
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Michael Chimenti N/A
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Karen Romano Natural Resources Defense Council on behalf of Karen Romano
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Dogan Ozkan Natural Resources Defense Council on behalf of Dogan Ozkan
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Alan Sharpe Natural Resources Defense Council on behalf of Alan Sharpe
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Michael Tullius Natural Resources Defense Council on behalf of Michael Tullius
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Robert Davis Natural Resources Defense Council on behalf of Robert Davis
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Lynne Cleary Natural Resources Defense Council on behalf of Lynne Cleary
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David Jones Natural Resources Defense Council on behalf of David Jones
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Robert Seltzer Natural Resources Defense Council on behalf of Robert Seltzer
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Jennifer Toth Natural Resources Defense Council on behalf of Jennifer Toth
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Allan Young Natural Resources Defense Council on behalf of Allan Young
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Susan Stover Natural Resources Defense Council on behalf of Susan Stover
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Lori Lentz Natural Resources Defense Council on behalf of Lori Lentz
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Mr. J. Hynd Natural Resources Defense Council on behalf of J. Hynd
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Ron Avila Natural Resources Defense Council on behalf of Ron Avila
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Michael Tessaro N/A
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Diane Wessing Natural Resources Defense Council on behalf of Diane Wessing
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Marilynn Smith Natural Resources Defense Council on behalf of Marilynn Smith
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A. Andrea Heiny Natural Resources Defense Council on behalf of A. Andrea Heiny
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Mike Consiglio Shapell Homes
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Joe Renga N/A
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Michael Haskell Natural Resources Defense Council on behalf of Michael Haskell
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Janet Wright Natural Resources Defense Council on behalf of Janet Wright
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