Advocacy Update: MBA Calls on FHFA to Replace Tri-Merge with Single Report for Lower Risk Borrowers

On Friday evening, MBA sent a letter to Federal Housing Finance Agency Director William Pulte asking his agency to direct Fannie Mae and Freddie Mac to allow lenders the option to use a single credit report from one national credit repository for borrowers if the initial report shows a credit score of at least 700, rather than requiring a tri-merge report from every borrower.