FICO tumbles after FHFA director orders all lenders use VantageScore
Fair Isaac (FICO) fell 15.63% intraday after FHFA Director Bill Pulte ordered Fannie Mae and Freddie Mac to approve all lenders to use VantageScore, effective immediately.
Fair Isaac Corporation NYSE:FICO fell 15.63% intraday after Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to approve all lenders to use VantageScore, effective immediately.
The pilot had been capped at 50 lenders. "FICO has enjoyed a monopoly.
No more," Pult…