Volume 18 - Number 19
September 14, 2018
Under the Hensarling Bill, the GSE AU Systems Would be Transferred
If the Bipartisan Housing Finance Reform Act of 2018 becomes law, the common securitization platform of Fannie Mae and Freddie Mac would be transferred to a nonprofit “exchange” along with their automated underwriting systems, Desktop Underwriter and Loan Prospector, respectively. Among other things, the bill – introduced by Rep. Jeb Hensarling, -TX, chairman of the House Financial Services Committee, would require that the AU systems “be made available for public use.”...
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