WASHINGTON, March 17 -- Federal Housing Finance Agency has issued a rule called: Amendment Reinstating "Grandfather" Exceptions to Restrictions on Private Transfer Fee Covenants.
The rule was published in the Federal Register on March 17 by Clinton Jones, General Counsel, Federal Housing Finance Agency.
Summary: The Federal Housing Finance Agency (FHFA) is making a technical amendment to its Private Transfer Fee Covenants (PTFC) Regulation. The PTFC Regulation 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 ot...