Fannie’s Desktop Underwriter remains significantly more popular than Freddie’s Loan Product Advisor, accounting for 72.6% of mortgages originated after being approved by a GSE automated underwriting service. (Includes data table.)
FHFA Director Sandra Thompson said the first test of its recently instituted new products rule went well, despite the relatively short timelines. But critics of Freddie’s new pilot also asked the agency to find ways to stretch out the opportunity to comment.