FHFA to Move Fannie, Freddie to Bi-Merge Credit Checks

FHFA plans to ease Fannie Mae and Freddie Mac's credit data requirement - report (FNMA:OTCMKTS)

FHFA may switch Fannie Mae and Freddie Mac to two-bureau “bi-merge” credit reports to cut mortgage closing costs—see impacts on FICO, TRU & EFX.

FHFA to move Fannie, Freddie to bi-merge credit checks

FHFA plans to move Fannie Mae and Freddie Mac from tri-merge to bi-merge credit reports, reshaping lender costs and GSE risk management.

Pulte’s FHFA to Ease Credit Data Requirement for Fannie, Freddie

The Federal Housing Finance Agency is planning to direct Fannie Mae and Freddie Mac within weeks to require lenders to pull credit data from two major credit reporting bureaus instead of three, according to a person familiar with the plans.

Fair Isaac (FICO) Stock Sinks 7% as Regulators Target Credit Scoring

TLDR FICO stock fell 7% after hours Thursday on a Bloomberg report about a possible FHFA rule change. The FHFA may require lenders to use only two credit bureaus instead of three for Fannie Mae and Freddie Mac loans. TransUnion (TRU) stock dropped 6% on the same report. The news adds to a brutal...

Pulte's FHFA to Ease Credit Data Requirement for Fannie, Freddie

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FHFA Reportedly Preparing Bi-Merge Rule for Fannie, Freddie

FHFA is reportedly preparing to move Fannie Mae and Freddie Mac from three-bureau mortgage credit reports to a bi-merge requirement.