Homebuyers face 91% increase for credit reports starting Jan. 1

Homebuyers face 91% increase for credit reports starting Jan. 1

This past Monday morning I choked on my coffee after reading a price increase notification letter from Equifax Mortgage Services, my firm’s former mortgage credit reporting vendor.
Starting Jan. 1, the notice said, a FICO-scored joint (spouses) credit report is rising to $74.53 from $39.01. That’s a 91% price increase or nearly double the price. Say what?
But wait, it gets worse.
Terry Clemans,…

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