For mortgage applications, two credit reports are better than three ...Middle East

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For mortgage applications, two credit reports are better than three
Buying three of something is seldom cheaper than buying two. This is especially true in the mortgage process when it comes to credit reports and scores.  Yet the Big Three credit bureaus are trying to convince policymakers that forcing consumers to purchase three credit reports and six scores to get approved for a mortgage is somehow better for consumers than only requiring two reports and four scores. What the Big Three are lobbying for is a giant step backward, one that would cost consumers more money and eliminate competition.  In October 2022, the Federal Housing Financing Agency announced that it would no longer require mortgage borrowers to provide a “tri-merge” report with cr

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