RBC doesn’t see near-term material impact on mortgage credit report pricing

After the CFPB Director, Rohit Chopra, released prepared remarks at the Mortgage Bankers Association focused on the price of credit reports and credit scores, RBC Capital analyst Ashish Sabadra said the firm does not expect any material impact on mortgage credit report pricing in the near term, though RBC continues to monitor for “the headline risks and the potential to raise prices aggressively going forward.” The firm notes that U.S. Mortgages account for about 20%, 19%, 8%, and 2% of FICO (FICO), Equifax (EFX), TransUnion (TRU) and Experian (EXPGY) revenues, respectively.