View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
FHFA RIN: 2590-AA41 Publication ID: Spring 2011 
Title: ●Private Transfer Fee Covenants 
Abstract: The Federal Housing Finance Agency (FHFA)is proposing to issue a proposed regulation titled "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 regulation 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. 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1228   
Legal Authority: 12 USC 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/01/2011  76 FR 6702   
NPRM Comment Period End  04/11/2011    
Final Rule  08/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov; www.fhfa.gov   Public Comment URL: www.regulations.gov; www.fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Peggy K. Balsawer
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20219
Phone:202 649-3060
TDD Phone:800 877-8339
Email: peggy.balsawer@fhfa.gov

Sharmeen Dosky-Bamarni
Senior Attorney Advisor
Federal Housing Finance Agency
1700 G Street NW.,
Washington, DC 20552
Phone:202 414-8949
TDD Phone:800 877-8339
Email: sharmeen.dosky@fhfa.gov