Fair Isaac Corp.’s shares surged in Thursday morning trading after the US data analytics company said it would license its credit scores directly to mortgage resellers, raising concerns of margin pressure for major credit bureaus.Shares of Experian, Equifax and TransUnion tumbled on fears that the move could curtail the intermediary role of the credit reporting companies.FICO score, created by Fair Isaac, is a US credit scoring system used by nearly 90% of lenders to evaluate a borrower’s creditworthiness. ...

Oo shares rallying today. The company says it will license its credit scores directly to mortgage resellers, effectively bypassing credit bureaus. Federal housing director Bill Py tweeting that quote, "Increased competition makes the market safer, sounder, and more cost-effective." Joining us this morning exclusively is FICO CEO Will Lancing.Will, welcome back. Good to have you again. >> Thank you.>> Um, can you talk about the motivation for the move. We can we can kind of guess. >> And your guess would be ...

There are many reasons to take out a personal loan. You may have an unexpected emergency, home renovations or a major event coming up. Whatever the reason, taking out a personal loan and paying it back on time can do wonders for your credit, and for some, that’s reason enough to get a personal loan. Consider This: Key Signs Your Credit Card Is Quietly Wrecking Your Finances Read More: 7 Ways To Tell If You're Rich or Middle Class -- It's More Than Your Paycheck Having a good credit score can lower interes ...

Core Insights - The overall FICO score in the U.S. has slightly decreased by approximately 2 percentage points due to inflation and rising interest rates affecting consumer affordability and leading to financial strain among borrowers [1] - The percentage of the population with FICO scores between 600 and 749 is projected to decline from 38.1% in 2021 to 33.8% by 2025 [1] - The most significant decline in scores is observed among Generation Z adults, primarily due to student loan pressures [1] - The report indicates that the student loan delinquency rate has reached a historical high, with over 10% of 21 million customers having overdue student loans [1] - Despite the challenges, many consumers still maintain good credit status, with average credit scores remaining close to historical highs [1] - Average FICO scores are considered a lagging indicator of credit health, suggesting that future average scores may face various risks [1]

Core Insights - Fair Isaac Corporation (FICO) reported third-quarter fiscal 2025 non-GAAP earnings of $8.57 per share, exceeding the Zacks Consensus Estimate by 10.87% and increasing 37.1% year over year [1][9] - Revenues reached $536.4 million, surpassing the consensus mark by 3.4% and growing 19.8% year over year, with contributions from the Americas (87%), EMEA (8%), and Asia Pacific (5%) [1][9] - Scores, which account for 60.5% of total revenues, rose 34.3% year over year to $324.3 million [1][9] Revenue Breakdown - Software revenues, including analytics and digital-decisioning technology, increased 2.8% year over year to $212.1 million [2] - Software Annual Recurring Revenues (ARR) grew 4% year over year, with platform ARR up 18% and non-platform ARR down 2% [3] - On-premises and SaaS Software, making up 35% of revenues, increased 2.2% year over year to $187.9 million [3] - Professional services revenues, accounting for 4.5% of total revenues, rose 7% year over year to $24.2 million [3] Scoring Solutions - Business-to-business (B2B) scoring solutions revenues surged 42% year over year, driven by higher unit prices and increased mortgage originations [4] - Business-to-consumer (B2C) scoring solutions revenues increased 6% year over year, supported by higher royalties from scores sold through credit reporting agencies [4] Origination Revenues - Mortgage-originations revenues increased 53% year over year [5] - Auto-originations revenues rose 23% year over year [5] - Credit card, personal loan, and other origination revenues grew 3% year over year [5] Strategic Initiatives - FICO launched FICO Score10 BNPL and FICO Score10T BNPL models, integrating Buy-Now-Pay-Later data into credit scoring, promoting financial inclusion globally [6] Operating Performance - Research and development expenses as a percentage of revenues decreased by 110 basis points year over year to 8.8% [7] - Selling, general and administrative expenses as a percentage of revenues fell by 200 basis points year over year to 25.9% [7] - Adjusted EBITDA increased 31.9% year over year to $312.3 million, with an adjusted EBITDA margin of 58.2% compared to 52.9% in the prior year [7] Financial Position - As of June 30, 2025, FICO had $189 million in cash and cash equivalents, with total debt at $2.8 billion [8] - Cash flow from operations was $286.2 million, up from $213.3 million in the prior year [8] - Free cash flow for the quarter was $276.2 million, compared to $205.7 million in the previous year [8] Guidance - FICO reiterated its fiscal 2025 guidance, projecting revenues of $1.98 billion and non-GAAP earnings of $29.15 per share [9][11] Share Repurchase - In the fiscal third quarter, FICO repurchased 284,000 shares [10]

Whether you need funds for a new roof, an addition, or to pay off debt, a cash-out refinance is an option homeowners with substantial equity can consider. Cash-out refinancing can be a great way to tap your home equity when you need money. But before you get too excited about the idea of pulling thousands of dollars out of your house and into your bank account, it’s important to understand the advantages and disadvantages of a cash-out refinance. How does a cash-out refinance work? While many homeowners ...