FHFA Issues Final Rule on Transfer Fees

03/18/2012 8:27 PM | Anonymous
After a long period with no visible activity, the final version of the Private Transfer Fee rule was released by the Federal Housing Finance Agency on March 16, 2012.   Like earlier versions, this prohibits  Fannie, Freddie and the Home Loan Banks from purchasing, investing in or otherwise dealing in any mortgages on properties encumbered by private transfer fee covenants or securities backed by such mortgages.   The definitions go into great detail, but it is important to note that the application is limited to covenants created on or after February 8, 2011. 

More information on this rule can be found Here

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