REP. ENGEL GETS FHFA TO BACK DOWN ON CO-OP FEE INCREASE

Washington, DC – February 3, 2011 – (RealEstateRama) — Congressman Eliot Engel announced a victory for co-op owners when the Federal Housing Finance Agency (FHFA) reversed itself on a plan to ban private transfer fees on real estate sales, an action which would have penalized co-op owners