Tagged: Credit Rating Agencies

But industry watchers say 'bureaus hold the cards'

NCRA President calls it “an untested experiment” that could exclude millions of creditworthy borrowers.

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Despite industry-wide hesitancy, the leading loan trading platform plans to complete integration by mid-2025

Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.

Strong servicing revenues and efficient cost-cutting measures highlighted; however, concerns raised over lack of hedging on substantial MSR investments.

Costs could go up as much as 400% in some cases, according to NCRA.

Federal agency alleges ongoing deceptive marketing practices