IR Industry News

FHA Keeps Tri Merge Credit Reports

In a National Mortgage Professional article published May 27, FHA reinforced that it will continue requiring tri-merge credit reports as it prepares to adopt VantageScore 4.0 and FICO 10T.

GSEs and FHA Signal Next Phase of Credit Score Adoption

In an FHFA news release, the agency shared updates on how newer credit score models will be introduced into mortgage underwriting. Lenders will have the ability to work with both VantageScore 4.0 and Classic FICO, with changes rolling out over time. A HousingWire article (subscription required) adds additional detail around how the...

Andrew Davidson & Co Study Examines Credit Score Variances

In a recent press release published by Andrew Davidson & Co., Inc., the firm shared new research highlighting how credit score differences across bureaus could impact costs for both consumers and mortgage investors. The release outlines findings from a large scale dataset that looks at how single bureau reporting could compare to the...

IR Readiness for New Freddie Mac AI/ML Guidelines

In December 2025, Freddie Mac issued Bulletin 2025-16, introducing a new governance framework requirement for the use of artificial intelligence (AI) and machine learning (ML) by mortgage sellers/servicers. The new requirements, effective March 3, 2026, are designed to ensure the ethical, transparent, and safe deployment of AI in the...

Industry groups react to proposal to allow single-file credit reports

In a HousingWire article published February 9, 2026, and available behind a paywall, the industry is once again debating whether mortgage lenders should be allowed to use a single file credit report instead of the traditional tri merge. The proposal has drawn support from some trade groups focused on cost and efficiency, while others are...

Fannie Mae removes minimum credit score requirements from DU

In a Fannie Mae Selling Guide update released November 6, the agency announced that it will eliminate the minimum 620 credit score requirement from its Desktop Underwriter (DU) system starting November 16, 2025. The change is part of a broader update that also expands Day 1 Certainty offerings and revises documentation requirements for...

Government Shutdown Delays SSA Orders with Wet Signatures

Following up on our earlier post about potential disruptions, the current government shutdown is now directly impacting processing of SSA requests. The division that handles wet-signed forms has been furloughed, causing delays for those orders.

Credit Bureaus Issue Statements Following FICO’s New Mortgage Pricing Announcement

Following FICO’s recent announcement of a new direct licensing model and updated pricing for mortgage credit scores, all three national credit bureaus—Equifax, Experian, and TransUnion—have released statements outlining their respective responses and updated offerings for lenders.

IRS Furloughs Could Slow 4506-C Transcript Processing