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Announcement SEL-2012-05: Private Transfer Fee Covenants

Fannie Mae has released Selling Guide Announcement 2012-05, announcing that, effective July 16, 2012, it will not purchase or securitize [this gave me a laugh] mortgages on properties encumbered by private transfer fee covenants if those covenants were created on or after February 8, 2011, unless permitted by a regulation issued by the Federal Housing Finance Agency.

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.