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Fair Isaac (FICO) Stock Craters 18% as Its Mortgage Monopoly Ends
TLDR FICO stock dropped around 15-18% after the FHFA approved VantageScore 4.0 for all Fannie Mae and Freddie Mac mortgage lenders The move ends FICO’s effective monopoly on mortgage credit scoring VantageScore 4.0 had already captured over 9% of GSE mortgage securitizations since a limited rollout...
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3 Articles
Fair Isaac (FICO) Stock Craters 18% as Its Mortgage Monopoly Ends
TLDR FICO stock dropped around 15-18% after the FHFA approved VantageScore 4.0 for all Fannie Mae and Freddie Mac mortgage lenders The move ends FICO’s effective monopoly on mortgage credit scoring VantageScore 4.0 had already captured over 9% of GSE mortgage securitizations since a limited rollout...
One Regulator Just Ended Fair Isaac’s (FICO) Mortgage Monopoly. The Stock Fell 16% – Is It Justified?
One Regulator Just Ended Fair Isaac’s (FICO) Mortgage Monopoly. The Stock Fell 16% – Is It Justified? For decades, Fair Isaac Corporation (NYSE:FICO) maintained a virtual monopoly over the US mortgage credit scoring market, implementing cumulative price increases of roughly 1,800% per score since…
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