Although Fannie Mae’s and Freddie Mac’s regulator has previously telegraphed additional increases in the government-sponsored enterprises’ guaranty fees sometime this year, it remains to be seen when or whether the Federal Housing Finance Agency will follow through on its 12-month-old proposal to charge higher g-fees on loans in states with slow foreclosure processes. One year ago this week, the FHFA solicited public comments on a proposal to adjust the single-family g-fee that the GSEs charge in five states with unusually slow foreclosure times. The five states – Connecticut, Florida, Illinois, New Jersey and New York – would be subject to an additional upfront fee of between 15 and 30 basis points charged to lenders. The FHFA has said...