Rising Credit Report Costs Cast Shadow on FHFA’s Credit Score Overhaul

Mortgage Professional America, Dec. 4, 2023–Candyd Mendoza
The Federal Housing Finance Agency is moving forward with its plan to update credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac. However, the rising costs of credit reporting products have raised concerns within the mortgage industry, including from the Mortgage Bankers Association.
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