The Daily Dirt: Break up credit bureau oligopoly

Capitalism doesn’t work without competition.  So it would be nice to see rank-and-file real estate people — who rightfully oppose socialism for things markets can do better — get just as worked up about anti-competitive practices in the industry. Credit bureaus are a good example. Three are dominant players: Equifax, Experian and TransUnion. Instead of promoting competition among them, the government does the opposite. When a homebuyer applies for a mortgage that will be sold to or backstopped by Fannie and Freddie — and we’re talking 70 percent of mortgages — the two government-sponsored entities require that the buyer’s credit […]This article originally appeared on The Real Deal. Click here to read the full story.