Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit took the stage at the trade group’s IMB26 Conference in Florida to say that its members and he himself have “just been gaslit by the trade association that represents the credit bureaus.”
The MBA has proposed that lenders submit a single-bureau credit pull for loans sold to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac when credit scores are 700 and above. The Consumer Data Industry Association (CDIA) opposes the move.
Broeksmit said the CDIA “has the audacity to claim” that the proposal protects “lenders’ profits,’” and that “’we shouldn’t put taxpayers details ⇒
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