Fair Isaac Shares Fall After FHFA Chief Says VantageScore Moving to FICO Classic Pricing Grid

MT newswire2026/09/29 14:59

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10:59 AM EDT, 09/29/2026 (MT Newswires) -- Fair Isaac (FICO) shares tumbled more than 26% Tuesday after Federal Housing Finance Agency Director Bill Pulte said late Monday on X that VantageScore will join the existing FICO classic mortgage pricing grid. "We are simplifying mortgage pricing following feedback from lenders and consumers," Pulte said. "Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to one pricing grid with VantageScore joining the existing FICO classic pricing grid." Vantage Score is operated by VantageScore Solutions, which is a private joint venture owned by Equifax (EFX), Experian and TransUnion (TRU). Equifax and TransUnion shares were down 3.4% and 4.7% respectively in Tuesday trading. Price: 620.00, Change: -220.89, Percent Change: -26.27

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On October 5, Foxconn released its financial data, showing sales of TWD 1.16 trillion in September, a year-on-year increase of 38.4%. Third-quarter revenue was approximately TWD 3.027 trillion, up 47% compared to the same period last year, and above analysts’ average expectations of TWD 2.83 trillion. Cumulatively, Foxconn’s revenue for the first nine months of this year reached TWD 7.67 trillion, representing a solid growth of 39.5% compared to the previous year.

华尔街见闻•2026/10/05 08:06