Investors joke that owing a bank $100,000 means the bank owns you, but owing $1 million means you own the bank because it can’t afford to let you default. Large loans pose big risks, requiring lenders to minimize exposure. A misguided, Biden-era proposal to weaken mortgage credit reporting—by allowing fewer than three credit bureau reports—threatens borrowers and the housing market. The FHFA should reject this change and uphold the tri-merge standard for responsible mortgage underwriting.
Read Full Article: https://dailycaller.com/2026/03/21/opinion-protect-housing-market-from-biden-era-credit-policies-leif-larson/
