Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit has publicly urged for a federal investigation into the recent significant price hikes for credit reporting products. In a post shared on LinkedIn, Broeksmit expressed his incredulity at the price increases, comparing the situation to an annual recurrence rather than a surprise anomaly. He highlighted that lenders are now receiving their pricing information for credit reports, signaling a troubling trend in the market.
Key elements include:
– **Price Increases**: Broeksmit identifies a worrying trend of rising costs for credit reporting products within the mortgage industry.
– **Call for Investigation**: He advocates for governmental scrutiny to address these increases, indicating the potential impact on lenders and consumers.
– **Industry Reaction**: The post resonates with concerns among lending institutions about the sustainability and fairness of current credit reporting pricing structures.
You can read this full article at: https://wrenews.com/mba-chief-calls-for-federal-probe-into-price-hikes-on-credit-reporting-products/
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