Quote: Dec. 4, 2023

“MBA is deeply concerned about the sharply rising costs of the tri-merge credit reports and other credit reporting products, some of which are required in order to originate a loan for sale to the GSEs and for government-insured loans. We have seen the media reports about price increases for the required ‘tri-merge’ credit report that will range from 25% to more than 400% beginning in 2024.”
–MBA President and CEO Bob Broeksmit, CMB