FICO slumps after Fannie Mae and Freddie Mac move to single pricing framework

Fair Isaac

29/09/2026 14:02

** Credit-scoring company Fair Isaac Corporation FICO.K falls 22.2% to $653 premarket
** Stock set to hit lowest since February 2023 at market open
** Federal Housing Finance Agency (FHFA) Director Bill Pulte says Fannie Mae and Freddie Mac will move to a single pricing grid, with VantageScore joining the existing FICO pricing framework 
** Fannie Mae and Freddie Mac are mortgage-finance firms that help fund the U.S. housing market  
** VantageScore is a rival credit-scoring model jointly developed by Equifax EFX.N, Experian EXPN.L and TransUnion TRU.N
** Earlier this month, Pulte reiterated his claim that FICO was unduly keeping consumer costs high
** As of last close, stock down 50.3% YTD 

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))