Beyond the Guide: Tri-Merge, Bi-Merge, and What FHFA Might Change Next

FHFA has been reported to be weighing a move from three-bureau to two-bureau credit reports for Fannie Mae and Freddie Mac loans, but nothing is final. This post separates what has been reported from what the Selling Guide requires today, shows why a two-bureau score could match but never beat a tri-merge score under today's rules, and lists what your team can prepare now.