Federal Housing Finance Agency (FHFA) Director Bill Pulte announced on May 21, 2025, that the agency is undertaking a comprehensive review of credit reporting agencies. Pulte stated that the FHFA is looking to replace the current 'tri-merge' credit scores with a 'bi-merged' score to reduce mortgage origination costs.
This proposal, which originated with the Biden administration, aims to streamline the credit assessment process for home loans. The potential shift in credit scoring models could have significant implications for major credit bureaus, including TransUnion, and the broader mortgage industry.
The announcement signals a regulatory push to lower costs for consumers in the housing market. For TransUnion, this development could necessitate adjustments to its offerings and competitive strategies within the mortgage lending sector.
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