Fair Isaac Stock Drops as GSEs Adopt VantageScore 4.0
Originally Published 6 months ago — by CNN
The stock of FICO, the company behind the widely used credit score, plummeted over 17% after the Federal Housing Finance Agency announced that lenders can now use VantageScore, a competitor, to assess creditworthiness for government-backed mortgages, potentially increasing competition and reducing costs in the mortgage industry.
