Fair Isaac falls 18% as mortgage scoring competition intensifies

$FICO fell roughly 18% after the FHFA said Fannie Mae and Freddie Mac will move to a unified mortgage pricing grid that places VantageScore alongside Classic FICO.
Under the change described in the source, VantageScore borrowers will reach the top pricing band at 780 or above, matching FICO and eliminating the previous 20-point difference.
The shift increases competitive pressure on Fair Isaac because lenders would have access to an alternative scoring product under the same pricing framework. The source estimates VantageScore at about $0.99 per score compared with roughly $10 for FICO.