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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
Federal Register Citation
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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
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Date First Name Last Name Organization Comment
Michael Tumminia Seward Park Cooperative Board of Directors View CommentView Comment Email: N/A
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Dalton Allen Greater Denton-Wise County Association of Realtors, Inc. View CommentView Comment Email: N/A
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Paul Stein United Veterans Mutual Housing #2 Corporation, Bell Park Gardens View CommentView Comment Email: N/A
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Karen Kennerly N/A View CommentView Comment Email: N/A
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Terry Smith Federal Home Loan Bank of Dallas View CommentView Comment Email: N/A
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Frances Montgomery N/A View CommentView Comment Email: N/A
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Ilene Merlis N/A View CommentView Comment Email: N/A
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Ian Winters Northern California Land Trust View CommentView Comment Email: N/A
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Micah S. Green Patton Boggs, LLC, on behalf of Freehold Capital Partners View CommentView Comment Email: N/A
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Ann Mesnikoff The Sierra Club View CommentView Comment Email: N/A
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David I. Weprin New York State Assembly View CommentView Comment Email: N/A
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Diane L. Harkey Assembly, California Legislature View CommentView Comment Email: N/A
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Beryl Rosendorf The Cromwell Cooperative View CommentView Comment Email: N/A
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Tony Gonzalez N/A View CommentView Comment Email: N/A
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Leslie Shen N/A View CommentView Comment Email: N/A
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Mary V. King AC Transit View CommentView Comment Email: N/A
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John J. Clarke Mass Audubon Paul A. Doscher, Society for the Protection of New Hampshire Forests.…View Comment
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Unknown N/A View CommentView Comment Email: N/A
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James A. Kraft Plum Creek Timber Company, Inc. View CommentView Comment Email: N/A
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195 Linden Hill #2 Cooperative Corporation View CommentView Comment Email: N/A
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Salvatore J. Tozzi, Sr. Leisure Village West Association View CommentView Comment Email: N/A
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Sheldon Cooper Homestead Community Land Trust View CommentView Comment Email: N/A
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Steve Thomas Ladera Ranch View CommentView Comment Email: N/A
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Horace C. Seale N/A View CommentView Comment Email: N/A
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Laura Cross ISU Insurance Services- Tasman, LLC View CommentView Comment Email: N/A
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