GSEs delay proposed ‘bi-merge’ credit transition

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GSEs delay proposed ‘bi-merge’ credit transition

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac announced this week that the planned transition from a “tri-merge” credit model — requiring credit reports to be pulled from all three, major agencies — to a “bi-merge” model that would require only two will be tied to other, new credit score requirements that currently do not have an implementation timeline. “[T]he implementation of the bi-merge option has been aligned with the …