FICO Stock Down More Than 10% This Week After FHFA Opens Door To VantageScore For Mortgages Shares of Fair Isaac Corp. (FICO), the company behind the widely used FICO credit score, dropped earlier this week after a federal agency approved the use of its biggest competitor, VantageScore, for mortgage underwriting, according to the Wall Street Journal. The Federal Housing Finance Agency (FHFA) will now allow lenders to choose between FICO 10T and VantageScore 4.0 when issuing loans sold to Fannie Mae and Freddie Mac, which together back nearly half of all new U.S. mortgages. Previously, only FICO scores were accepted.… — Continue at ZeroHedge News : Read More
