Protect Homeowners - Stop Wall Street Home Resale Fees

North Dakota Becomes 27th State to Restrict Wall Street Home Resale Fees

For Immediate Release:                                  Contact: Rachel Wolf
April 26, 2011                                                            (202) 331-2120      

                                                                                                       
North Dakota Becomes 27th State to Restrict Dangerous Wall Street Home Resale Fees

Broad, Bipartisan Coalition Thanks Governor Dalrymple, Senator Grindberg and the Legislature for Standing Up for Homeowners by Banning Fees

BISMARCK, North Dakota – Governor Dalrymple took swift action to protect North Dakota homeowners by signing SB 2149 to restrict Wall Street Home Resale Fees (also known as “private transfer fees”). The new law, sponsored by Senator Grindberg (R-Fargo), places a ban on these fees, a dangerous new financial scheme that steals home equity, lowers home resale values and adds another layer of difficulty to selling a home.

Virginia Becomes 24th State to Restrict Wall Street Home Resale Fees

For Immediate Release:                                                                      Contact: Rachel Wolf
April 14, 2011                                                                                    (202) 331-2120
 

Virginia Becomes 24th State to Restrict Dangerous Wall Street Home Resale Fees

Broad, Bipartisan Coalition Thanks Governor McDonnell, Senator McDougle and the Legislature for Standing Up for Homeowners by Banning Fees


RICHMOND, Virginia – Governor McDonnell took swift action to protect Virginia homeowners by signing SB 931 to restrict Wall Street Home Resale Fees (also known as “private transfer fees”). The new law sponsored by Senator McDougle (R-Mechanicsville) places a ban on these fees, a dangerous new financial scheme that steals home equity, lowers home resale values and adds another layer of difficulty to selling a home.

Arkansas Becomes 22nd State to Restrict Wall Street Home Resale Fees

For Immediate Release:                                             Contact: Rachel Wolf
March 30, 2011                                                               (202) 331-2120

Arkansas Becomes 22nd State to Restrict Dangerous Wall Street Home Resale Fees

Broad, Bipartisan Coalition Thanks Governor Beebe, Representative Vines, Senator Burnett and the Legislature for Standing Up for Homeowners by Banning Fees

Little Rock, Arkansas – Governor Beebe took swift action to protect Arkansas homeowners by signing House Bill 1388 to restrict Wall Street Home Resale Fees (also known as “private transfer fees”). The new law, sponsored by Representative Vines and Senator Burnett places a ban on these fees,a dangerous new financial scheme that steals home equity, lowers home resale values and adds another layer of difficulty to selling a home.

Coalition Statement on New FHFA Rule

For Immediate Release:                                                             Contact: Rachel Wolf
February 1, 2011                                                                        202.331.2120


Coalition Applauds FHFA for New Rule to Regulate Financial Scheme that Threatens Homeownership

Private transfer fees infringe on property rights and hurt homeowners


Washington, DC –Members of the Coalition to Stop Wall Street Home Resale Fees applaud the Federal Housing Finance Agency (FHFA) for issuing a proposed rule today to restrict government-sponsored enterprises from investing in mortgages with private transfer fees, a new legally dubious financial scheme that forces homeowners to pay a fee to sell their homes and steals home equity from consumers. The proposal is part of the official rulemaking process.