Donald Layton will be succeeded by the GSE's current president
Entry-level housing supply also stays weak
Former Dun & Bradstreet CEO joined the board in 2013
Expanded product "empowers both agents and brokers"
New hire has extensive expertise in real estate due diligence
Appointment will be the third president in the bank's 56-year history
With the mortgage market tightening, the agency is asking nonbank lenders to improve their financial metrics
The deal will lead to a more streamlined document processing experience, the company says