A proposal to replace the longstanding tri-merge credit report with a single-file model has reignited debate over borrower costs and systemic risk, placing trade associations on opposing sides.

Supporters argue a single pull would encourage more predictive credit data and reduce systemwide costs without materially increasing risk in some cases, noting that mortgage servicing rights (MSR) investors already rely on a single representative score.

Its leading proponent, Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit, said a “single-file framework promotes beneficial competition in the credit reporting space, encourages innovation, details ⇒

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