FHFA’s private transfer fee rule a boon to the title industry

The Federal Housing Finance Agency (FHFA) has sent a final rule governing private transfer fees to the Federal Register. The rule limits Fannie Mae, Freddie Mac and the Federal Home Loan Banks from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants and in certain related securities. Read on for a rundown on the exclusions to the rule, and to download a copy of the rule.