Fannie Mae rolled out HomeReady this week, a revised affordable lending product to replace its MyCommunityMortgage program, which focuses on helping borrowers with low- and moderate-incomes obtain mortgage credit. With lender input, the GSE made a number of changes to make the product more efficient for both lenders and borrowers. Fannie will add it to Desktop Underwriter later this year. HomeReady expects to create business opportunities for lenders serving the changing demographics and the shift in borrower needs. “I think it will definitely give lenders some additional flexibility in being able to qualify moderate income and lower income borrowers that they don’t have today,” said Glen Corso, executive director of Community Mortgage Lenders of America.