At a time when elevated mortgage rates and persistent affordability pressures are dominating discussions about the housing market, policymakers are rightly exploring ways to improve access to credit and reduce costs for prospective homeowners. In doing so, however, it is essential to remain cautious about reforms that could unintentionally increase borrowing costs, introduce new risks into mortgage underwriting, or narrow access to credit for otherwise qualified borrowers. We affirm the importance of preserving the long-standing and proven tri-merge credit reporting framework that underpins accurate risk assessment and promotes stability in the housing finance market.
