ALTA Advocacy Effort Clears Hurdle as FHFA Proposes to Ban PTFs

February 3, 2011

ALTA’s advocacy efforts to protect consumers and their home equity from private transfer fee covenants earned a significant victory Feb. 1 as the Federal Housing Finance Agency issued a proposed rule that would limit government-sponsored enterprises Fannie Mae, Freddie Mac and the Federal Home Loan Bank from investing in mortgages encumbered by private transfer fee covenants (PTFs).

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