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Credit Report Fees May Surge 50% for Homebuyers

2/22/2026

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Summary

Story summary

Credit report fees could rise 40% to 50% in 2026, increasing closing costs for homebuyers, which typically range from 3% to 6% of the loan.
The Mortgage Bankers Association proposed using a single credit report instead of the tri-merge for borrowers with scores above 700.
The Federal Housing Finance Authority is reviewing the MBA proposal amid opposition from the Consumer Data Industry Association, which supports the tri-merge for accuracy.

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Story summary

Credit report fees could rise 40% to 50% in 2026, increasing closing costs for homebuyers, which typically range from 3% to 6% of the loan.
The Mortgage Bankers Association proposed using a single credit report instead of the tri-merge for borrowers with scores above 700.
The Federal Housing Finance Authority is reviewing the MBA proposal amid opposition from the Consumer Data Industry Association, which supports the tri-merge for accuracy.