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FICO
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- 1Fair Isaac stock plunges 20% as Fannie and Freddie back FICO rival●Fair Isaac stock plunges 20% after Fannie and Freddie open door to FICO credit score rival
Fair Isaac Corporation, the maker of the FICO credit score, saw its shares fall roughly 20% after mortgage giants Fannie Mae and Freddie Mac announced they will allow lenders to use a competing credit score. The move threatens Fair Isaac's long-standing dominance in mortgage credit scoring, and investors are repricing the company's outlook as competition enters its core market.