{
  "id": 10723825,
  "title": "FICO stock is collapsing as mortgage industry shakeup stands to reshape how credit scores are used",
  "url": "https://urgent.news/2026/09/29/fico-stock-is-collapsing-as-mortgage-industry-shakeup-stands-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T15:28:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91614972/fico-stock-collapsing-mortgage-industry-shakeup-credit-scores"
  },
  "original_language": "en",
  "account": "The credit scoring giant FICO is experiencing a significant downturn in its stock value due to a major shift in the mortgage industry. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will transition to a single mortgage-pricing grid, incorporating credit scores from competitor VantageScore Solutions. This change means lenders can now choose between FICO and VantageScore scores, potentially lowering their costs for credit score pulls. VantageScore's scores utilize additional data points, like rent payments, which could benefit consumers with limited credit history. However, Fair Isaac Corporation faces intense competition for the first time in decades, risking a reduction in profit margins. As a result, the company's stock has plummeted by over 24% to above $635, marking a 60% year-to-date decrease. Rocket Mortgage, the nation's largest mortgage lender, has already adopted VantageScore as its preferred credit score provider on all eligible loans, signaling the shift in the industry.",
  "summary": "Your credit score is one of the most important data points associated with your identity. A good score generally means lower interest rates on everything from credit cards to mortgages, while a bad score can subject you to higher rates. When it comes to mortgages, for decades lenders only relied on data from one company: Fair Isaac Corporation (NYSE: FICO), the owner of the eponymous FICO score.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}