The Federal Housing Finance Agency (FHFA) is looking for public feedback on how guarantee fees, or G-fees, charged to lenders on Freddie Mac and Fannie Mae mortgage loans are set and the impact raising those fees will have on consumer credit availability. G-fees are expected to gradually rise this year and higher lender fees, in turn, get passed down to borrowers, the National Association of REALTORS® (NAR) reports.
Read more from NAR and click here to submit your input to FHFA. The deadline for comments is Aug. 4.
In other headlines:
Cook County home repossessions nearly double in May – Chicago Tribune
A fresh start: Kane County Foreclosure Redevelopment Program helps give new life to houses – Suburban Life