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Tag Archives: Federal Home Loan Banks

FHFA Proposes Ban on Wall Street Home Resale Fees

The Federal Housing Finance Agency (FHFA) has sided with consumer advocacy groups that say private transfer fee covenants, also referred to as Wall Street home resale fees, place a hidden financial burden on homebuyers and home sellers. FHFA sent a proposed rule to the Federal Register this week, which would limit Fannie Mae, Freddie Mac, and the Federal Home Loan Banks from dealing in mortgages on properties the federal agency describes as ""encumbered"" by certain types of private transfer fee covenants.

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