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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Christine Jacobi Natural Resources Defense Council on behalf of Christine Jacobi
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Ms. E. Peterson Natural Resources Defense Council on behalf of E. Peterson
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Dominick Falzone Natural Resources Defense Council on behalf of Dominick Falzone
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Peter Janovsky 91 Central Park West Corporation
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Beverly and Seymour Corenthal Linden Towers Co-op #4 Inc.
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Lim LeCrone DC Ranch
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Herman Rosen N/A
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Mayra Martinez Natural Resources Defense Council on behalf of Mayra Martinez
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Jennifer Patton Natural Resources Defense Council on behalf of Jennifer Patton
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Pamela Franzone Natural Resources Defense Council on behalf of Pamela Franzone
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Suzel Stamoleman N/A
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Lou Taormina N/A
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Mary Edna Williams North Carolina Association of REALTORS
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Vicario Brensley Phillip N/A
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Elizabeth Deland Natural Resources Defense Council on behalf of Elizabeth Deland
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Sarah Baker Natural Resources Defense Council on behalf of Sarah Baker
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Linda Robb Natural Resources Defense Council on behalf of Linda Robb
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Paul Campos Building Industry Association of the Bay Area
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Marilyn A. Jackson N/A
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Teri Mouro and Jerome Sherman DC Ranch
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Deborah Kraus N/A
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Terri Hauk Natural Resources Defense Council on behalf of Terri Hauk
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Laura Lynch Natural Resources Defense Council on behalf of Laura Lynch
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Gabriel Sheets Natural Resources Defense Council on behalf of Gabriel Sheets
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John and Anne MacNicholl N/A
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