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FICO Fair Isaac News Story

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FICO shares fall after Freddie Mac begins accepting VantageScore

** Shares of credit-scoring giant Fair Isaac FICO.N, better known as FICO, slide as much as 11% to $923.63 after home mortagage provider Freddie mac begins accepting VantageScore

** “With today’s announcement, we are accepting a credit score model that incorporates additional data, including on-time rent payment history,” said Sonu Mittal, Freddie Mac’s executive vice president and head of Single-Family Acquisitions

** The changes stem from federal efforts to encourage competition and innovation in credit scoring

** Six of 13 analysts rate stock "strong buy" or "buy" and seven "hold"; their median PT is $27 - data compiled by LSEG

** Including session's move, stock down 3% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))

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