Leaders at Equifax and TransUnion are optimistic that the GSEs’ adoption of VantageScore will lead to revenue moving from FICO to credit bureaus. The officials also defended the tri-merge score process at the GSEs.

The prospects of a year-end stock offering didn’t prevent the wholesale reshuffle in Fannie Mae leadership.

Although the Trump administration says it wants the GSEs to help accelerate development by the big homebuilders, the topic barely registered during recent earnings calls.

While most mortgage industry participants believe the tri-merge limits competition among the three credit reporting companies, some say it’s a critical tool to maintain the credit quality of mortgages.

Most industry participants don’t think the GSEs have the tools necessary to accelerate construction by big homebuilders.

FHFA Director Bill Pulte has repeatedly ignored requests for information from Sen. Elizabeth Warren, D-MA, preferring to communicate primarily through his personal X account.

The new option allows tri-merge resellers to calculate and deliver FICO scores directly to customers, bypassing the big credit bureaus. Experian countered with a move involving VantageScore 4.0.

Industry participants favor a proposal from the Federal Housing Finance Agency to repeal fair lending oversight of Fannie, Freddie and FHLBanks. Consumer advocates, meanwhile, were sharply critical.

The Trump administration is ramping up discussions regarding reforms to the government-sponsored enterprises but it’s still not clear what the result will be. Whether Congress will take action is also an open question.

Mortgage lenders and their partners are working to figure out how to implement both Classic FICO and VantageScore 4.0 credit scores.