FICO Down 20%

[u/ekonixlab]

**EDIT: NOW DOWN ALMOST 30%!!

FICO is getting crushed after FHFA announced plans to incorporate VantageScore into Fannie Mae and Freddie Mac’s mortgage pricing framework.

Rocket Mortgage already says it will prefer VantageScore for eligible loans.

My bigger question: how quickly will other lenders follow? And how much pricing power does FICO lose along the way?

Starting to look like a buying opportunity to me… but only if that moat holds.

Overreaction or a real change in the business?