The Federal Housing Administration (FHA) announced last week that it will continue requiring tri-merge credit reports to maintain “prudent risk management” as it transitions to new credit scoring models.

This move follows a signal in late April from U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner. Aligning with a similar shift by the Federal Housing Finance Agency (FHFA), Turner indicated that FHA loans will replace the long-standing FICO Classic model with VantageScore 4.0 and FICO 10T.

“FHA will continue to require the use of a tri-merge credit report, ensuring details ⇒

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