In a move to level the playing field and increase liquidity in the market, Freddie Mac has done away with the $20 fee to use Loan Prospector, the oldest of its suite of lender tools, effective this week. In a letter that went out to Freddie customers last month, the GSE noted it was “eliminating financial barriers to our tools.” Christina Boyle, Freddie’s senior vice president of single-family sales, said since the LP underwriting tool was introduced in 1997 the GSEs have added additional tools, especially within the last couple of years, and plan to introduce more in the future. “The only tool that had a cost associated with it was Loan Prospector and it was sort of a...