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FHFA | RIN: 2590-AB47 | Publication ID: Fall 2024 |
Title: ●Reinstatement of Grandfather Exception to Restrictions on Private Transfer Fee Covenants | |
Abstract:
This proposed rule would amend the existing Private Transfer Fee Covenants (PTFC) Regulation, which restricts FHFA’s regulated entities, the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises), and the Federal Home Loan Banks (Banks)from purchasing, investing in, accepting as collateral, or otherwise dealing in mortgages on properties encumbered by certain types of PTFCs, or related securities, subject to certain exceptions. The proposed rule would reinstate the grandfather exception to the PTFC Rule’s applicability that was removed inadvertently by FHFA’s March 12, 2024 final rule amending the PTFC Regulation. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 1228.3 | |
Legal Authority: 12 U.S.C. 4511 12 U.S.C. 4513 12 U.S.C. 4526 12 U.S.C. 4565 12 U.S.C. 4616 12 U.S.C. 4617 12 U.S.C. 4631 ... |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: http://www.fhfa.gov; www.regulations.gov | Public Comment URL: http://www.fhfa.gov; www.regulations.gov |
RIN Data Printed in the FR: No | |
Agency Contact: Sara Todd Assistant General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3527 Email: sara.todd@fhfa.gov |