Federal Housing Finance Agency weighs fewer credit reports for home loans
Bill Pulte, FHFA director, is reviewing loan price adjustments as industry groups push for changes that could lower mortgage costs.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
The agency is weighing whether single-family mortgages bought by Fannie Mae and Freddie Mac could rely on one or two credit reports instead of three. Director Bill Pulte is also reviewing loan-level price adjustments and a move to single- or bi-merge credit report standards. Separately, an industry group has proposed credit report changes, fee cuts and reductions in FHA mortgage insurance premiums.
Why it matters
The proposals are aimed at lowering housing and closing costs, expanding credit and aiding rentals.
Coverage
- MBA calls for policy changes to lower housing costs (housingwire.com)
- FHFA exploring ending tri-merge credit report requirement for Fannie Mae, Freddie Mac (bankingjournal.aba.com)
- Pulte signals review of LLPAs, credit reports (Flávia Furlan Nunes)
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