Morning Minute: FHFA seeking comments on mortgage guarantee fees

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

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.