Fair Isaac (FICO) stock dropped 4.2% due to a general risk-off trend in the market and renewed concerns about competition in the mortgage credit scoring industry. Specifically, the shift towards “lender choice” allowing VantageScore 4.0 as an alternative has intensified competition, with Equifax actively marketing lower-priced offerings. A recent Goldman Sachs price-target reduction also contributed to the cautious sentiment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Fair Isaac slides as risk-off tape meets renewed mortgage-score competition concerns
Fair Isaac (FICO) stock dropped 4.2% due to a general risk-off trend in the market and renewed concerns about competition in the mortgage credit scoring industry. Specifically, the shift towards “lender choice” allowing VantageScore 4.0 as an alternative has intensified competition, with Equifax actively marketing lower-priced offerings. A recent Goldman Sachs price-target reduction also contributed to the cautious sentiment.