Weekly Roundup: FICO Jumps, Carnival Slides, Pfizer Soars
On this episode of Stock Movers, we take a look at some of this past week's biggest gainers and decliners: - Fair Isaac (FICO) surged after the credit scoring company unveiled new pricing models that will allow mortgage lenders to calculate and distribute FICO Scores directly to borrowers. Lenders currently rely on the three nationwide credit bureaus, TransUnion, Equifax and Experian, to provide FICO scores. Under Fair Isaac's new offerings, lenders can choose to avoid credit bureaus' markup fees, though they would pay Fair Isaac $33 per borrower per score when a FICO-scored loan is closed. -…
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