Fannie Mae to ease lending standards: What’s that mean for homebuyers?

Fannie Mae To Ease Lending Standards: What’s That Mean For Homebuyers?

On July 29, Fannie Mae will activate an update to “Desktop Underwriter,” the software that analyzes borrower applications and grants approval — “DU” in shorthand spoken with reverence or disgust throughout the industry. This update will make it easier for us to approve loans.