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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