FICO Drops, CoreWeave Dips, Big Banks Slide
On this episode of Stock Movers:- Fair Isaac (EFX), better known as FICO, saw shares headed for its worst slide since March 2020, after federal regulators said government-sponsored mortgage entities Fannie Mae and Freddie Mac will be able to use a second firm when determining borrowers’ creditworthiness. Federal Housing Finance Agency Director Bill Pulte said in a post on X that Fannie and Freddie will now allow lenders to accept the Vantage 4.0 credit model to “increase competition” in the credit score ecosystem.Pulte said the move should expand credit access to millions of…
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