Why Fair Isaac Stock Dived by 8% Today
Significant changes might be coming for the rules governing credit scoring, a possibility that was putting the hurt on Fair Isaac (NYSE: FICO) stock on Tuesday. Shares of the credit analysis specialist took a more than 8% hit on the day as a result, a far steeper decline than the S&P 500's (SNPINDEX: ^GSPC) 0.4% dip.At a Mortgage Bankers Association conference, director of the government's Federal Housing Finance Agency (FHFA) Bill Pulte made remarks about changing the requirement for a mortgage underwriter to determine a borrower's interest rate. Image source: Getty Images.Continue reading
Significant changes might be coming for the rules governing credit scoring, a possibility that was putting the hurt on Fair Isaac (NYSE: FICO) stock on Tuesday. Shares of the credit analysis specialist took a more than 8% hit on the day as a result, a far steeper decline than the S&P 500's (SNPINDEX: ^GSPC) 0.4% dip.
At a Mortgage Bankers Association conference, director of the government's Federal Housing Finance Agency (FHFA) Bill Pulte made remarks about changing the requirement for a mortgage underwriter to determine a borrower's interest rate.
Image source: Getty Images.
