All articles tagged with #fair isaac
Fair Isaac (FICO) announced a new pricing model allowing mortgage lenders to bypass credit bureaus and license scores directly to borrowers, leading to a 20% stock surge and potentially reducing credit bureau influence, while also offering more pricing options to improve economics and competition.
Fair Isaac introduces new pricing models allowing lenders to directly access FICO scores, bypassing credit bureaus, leading to a 24% surge in its stock price while credit bureau shares decline, aiming to increase transparency and reduce costs in mortgage lending.
Fair Isaac's stock drops 6% after Fannie Mae and Freddie Mac permit lenders to use the VantageScore 4.0 credit scoring model, increasing competition in the mortgage market and impacting FICO's market position, while credit bureaus Equifax, Experian, and TransUnion see their stocks rise.