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??????Prevalent borrowing pages regarding home loan ong finance securitized of the government-sponsored organizations (GSEs) Federal national mortgage association and you may Freddie Mac computer, a couple issues determine like accessibility: the brand new GSEs’ underwriting standards since the observed as a consequence of their respective automatic underwriting options and you will possible more limits or overlays that lenders enforce. With developments regarding the automated underwriting options and also the proven fact that the new GSEs ensure the newest default chance of these mortgages, an essential real question is, What is the extra worth of intermediaries’ discretionary overlays? Read more