Fair Isaac stock tanks after FHFA allows Fannie, Freddie to use VantageScore

Business people evaluate customer finance statistical data with credit score icons. Credit behavior and reports. Online credit ranking check for a personal loan, mortgage, auto loan, or payment card.

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Fair Isaac (NYSE:FICO) stock tumbled 8.9% in Tuesday trading after Federal Housing Finance Agency Director Bill Pulte said mortgage finance giants Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) will immediately allow lenders to use VantageScore 4.0 for assessing borrowers' creditworthiness.

VantageScore, a

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