FICO Stock Falls Pre-Market After Bill Pulte Declares ‘No More’ to FICO’s Mortgage Scoring Monopoly — Orders Fannie Mae, Freddie Mac to Open Door to VantageScore
Trump housing chief Bill Pulte moves to break FICO’s monopoly, allowing lenders to use VantageScore for mortgages.
A government official said lenders can now use a different credit-scoring system instead of only FICO's, which means FICO might lose some business. When a company faces new competition, watch whether it can stay strong or if customers switch away.
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