Fair Isaac drops after FHFA expands lenders’ VantageScore access
Fair Isaac (FICO) shares tumbled ~15.6% after the FHFA ordered Fannie and Freddie to allow all lenders to use VantageScore, expanding a limited pilot. FICO defended performance-based competition and said FICO Score 10T will roll out.
6% after the FHFA ordered Fannie and Freddie to allow all lenders to use VantageScore, expanding a limited pilot. FICO said Director Pulte’s push is aimed at performance-based competition, and that FICO Score 10T will roll out to support sustai…