Fair Isaac shares plunged 27% on Monday, the worst single day decline for the stock since 1989, and it has fallen 64% for the year. Investors are reacting to the potential loss of pricing power, as VantageScore costs approximately $0.99 per score compared to roughly $10 for FICO. The stock is now more than 68% below its all-time high, marking its deepest drawdown in nearly 20 years as its valuation nears global financial crisis levels.
Wednesday, October 21, 2026
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Rocket Mortgage Supports FHFA Plan to Open Mortgage Pricing to VantageScore
US Markets21 days ago
Fair Isaac is losing its grip on the U.S. home loan market as major lenders and federal regulators move to treat rival credit scores as equals. Rocket Mortgage has endorsed a push by Federal Housing Finance Agency Director Bill Pulte to create competition by requiring Fannie Mae and Freddie Mac to use a single Loan Level Price Adjustment grid for both FICO and VantageScore. This shift allows VantageScore borrowers to reach the top pricing band at 780, removing a previous 20 point disadvantage and providing lenders with a cheaper credit scoring alternative.
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