FICO Sinks 27% as Trump Admin Announces Plans to End Its Mortgage Scoring Monopoly

Key TakeawaysFICO shares fell about 27% after FHFA Director Bill Pulte said Fannie Mae and Freddie Mac will merge their two mortgage pricing grids into one that includes VantageScore next to FICO Classic. Putting VantageScore on the same pricing grid removes the main cost reason for lenders to stay with FICO’s mortgage scores.