✉news BusinessReal Estate first seen 11 h ago, last 9 h ago, peak #27
FICO stock falls as US moves to end mortgage scoring monopoly
Original: FICO stock tumbles as US moves to break mortgage scoring monopoly
Shares of FICO, the company behind the widely used FICO credit score, dropped sharply after the US government announced steps to break up its dominance in mortgage credit scoring. Regulators are moving to allow alternative credit scoring models in the mortgage market, threatening FICO's long-standing near-monopoly and raising questions about future revenues from its core business.
Why now: Regulatory action threatening FICO's core mortgage scoring business is rattling investors.
Rank over time, top of the chart is #1. 2 snapshots from 11 h ago to 9 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/306053