Why Fair Isaac Fell Hard in July

Shares of Fair Isaac (NYSE: FICO) plunged 21.4% in July, according to data from S&P Global Market Intelligence.Fair Isaac had two events that dinged the stock during the month. First, the Federal Housing Finance Agency (FHFA) announced it would allow lenders for government-sponsored entity (GSE) mortgages to use an alternative to the FICO score. Then, toward the end of the month, FICO reported mixed earnings that may have disappointed some investors.While there have been some talk of alternative credit scores in recent years, the FICO score has typically enjoyed, and still does enjoy to a large extent, a near-monopoly on credit scoring.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool