Fannie Mae and Freddie Mac would levy extra guaranty fee charges on mortgages securing property in five states to account for the increased cost of foreclosures in those states under a proposal outlined this week by the Federal Housing Finance Agency. The FHFA proposes to target five states – Connecticut, Florida, Illinois, New Jersey and New York – for an additional, one-shot guaranty fee ranging from 15 basis points to 30 bps. “The size of the fee adjustments is intended to reflect the disparity in costs, as compared to the national average,” explained the FHFA. The five states were...