Realtors® Applaud Sens. Perdue, Menendez for Introducing Bill Addressing G-Fee Issues
WASHINGTON/ May 15, 2019 (STL.News) NAR President John Smaby issued the following statement following the introduction of S.1463 in the Senate. The legislation, officially noted as a bill to “establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit,” was introduced by Senators David Perdue (R-GA) and Bob Menendez (D-NJ) on Tuesday afternoon. “The National Association of Realtors® commends Senators David Perdue and Bob Menendez for taking action to secure America’s housing finance system,” Smaby, a second-generation Realtor® and broker at Edina Realty in Edina, Minnesota said.