Mortgage lending may never look the same after FICO’s latest shake-up
Yahoo Finance·2025-10-02 20:15
Investors are celebrating a major shake-up in how FICO scores will be shared with mortgage lenders, as shares of parent company Fair Isaac Corp. have rallied more than 20% on Thursday. Most Read from Fast Company That stock rally follows FICO’s announcement on Wednesday of a new pricing model that will allow mortgage lenders to calculate and distribute credit scores directly to borrowers, thereby eliminating the need to rely on the three nationwide credit bureaus for this information. In addition to it ...