Recently, FHFA Director William Pulte made clear that significant changes to the mortgage credit reporting system are under consideration–including moving away from the costly and antiquated tri-merge requirement. Now is the time for MBA members to make their voices heard.
Tag: Tri-Merge
To the Point With Bob: Why Moving to a Single-File Credit Report Framework Is a Win for Consumers and Lenders
The tri-merge credit reporting requirement has become a license for price gouging and ripping off consumers. MBA and its members have had enough, writes MBA President and CEO Bob Broeksmit, CMB.
MBA Blasts Credit Reporting Price Hikes; Calls for Ending Tri-Merge Requirement
MBA President and CEO Bob Broeksmit, CMB, released a statement on the recently announced price increases for credit reporting products.