by Eric J. Ellman | Oct 23, 2025
FHFA’s Inspector General published a report in September noting that FHFA followed proper procedures in its decision to require that Enterprises replace the tri-merge credit report requirement. FHFA identified, analyzed, and responded to risks impacting its...
by Eric J. Ellman | Oct 8, 2025
On Oct. 1, 2025, FICO announced “a major shift in the delivery of FICO® Scores to the mortgage industry. With the launch of the FICO® Mortgage Direct License Program, tri-merge resellers have the option to calculate and distribute FICO Scores directly to their...
by Eric J. Ellman | Jul 8, 2024
In July 2024, the U.S. House Committee on Appropriations submitted its report (No. 118–556) on the Financial Services and General Government Appropriations Bill, 2025, to accompany H.R. 8773. Proposed Credit Reporting Changes.—The Committee is concerned that the...
by Eric J. Ellman | Jun 26, 2024
In June 2024, the Housing and Insurance Subcommittee of the U.S. House Committee on Financial Services held a hearing, Testimony of the HUD and FHFA Inspectors General. In advance of the hearing, the committee staff circulated a memorandum. The committee heard from...
by Eric J. Ellman | Mar 1, 2024
I assume that you saw that FHFA announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac (the Enterprises). The FHFA added that [f]ollowing extensive stakeholder engagement and input, FHFA...
