Fair Isaac Corp. shares plunged more than 20% Tuesday as investors confronted a sharper threat to FICO’s long-dominant position in U.S. mortgage credit scoring. The selloff followed Federal Housing Finance Agency Director Bill Pulte’s announcement that...
The agency has finally put a date on one of the biggest changes to FHA mortgage credit scoring in decades. Beginning Jan. 1, lenders will be able to use VantageScore 4.0 and FICO Score 10T alongside Classic FICO for eligible FHA loans, but the implementation rules...
FICO Shares Plunge More Than 20% as Mortgage-Scoring Competition Intensifie…
