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FICO

Fair Isaac

$352.19 /

-5.89 (-1.64%)

, FNMA

Fannie Mae

$0.00 /

+ (+0.00%)

14:18
08/13/19
08/13
14:18
08/13/19
14:18

Fair Isaac drops after FHFA finalizes rule on alternatives for Fannie, Freddie

The Federal Housing Finance Agency sent to the Federal Register for publication a final rule on the validation and approval of third-party credit score models that can be used by Fannie Mae (FNMA) and Freddie Mac (FMCC). The regulation requires a four-phase process for validation and approval of credit score models: Solicitation of applications from credit score model developers; Submission and initial review of submitted applications; Credit score assessment; and, Enterprise business assessment. "One of my priorities is to ensure that the American people have a safe and sound path to sustainable homeownership, which requires tools to accurately measure risk," said FHFA Director Mark Calabria. "The final rule we are publishing today is an important step toward achieving that goal," said Calabria. Under the new rule, Fannie and Freddie will have to consider credit-score alternatives to Fair Isaac's (FICO) FICO score when determining a mortgage applicant's creditworthiness, Andrew Ackerman of the Wall Street Journal points out. Shares of Fair Isaac are down 2%, or $5.90, to $352.00 following the news.

FICO

Fair Isaac

$352.19 /

-5.89 (-1.64%)

FNMA

Fannie Mae

$0.00 /

+ (+0.00%)

FMCC

Freddie Mac

$0.00 /

+ (+0.00%)

  • 27

    Oct

FICO Fair Isaac
$352.19 /

-5.89 (-1.64%)

08/01/19 Wells Fargo
Fair Isaac price target raised to $415 from $310 at Wells Fargo
05/01/19 Wells Fargo
Fair Isaac price target raised to $310 from $250 at Wells Fargo
03/11/19 Barclays
Fair Isaac price target raised to $300 from $240 at Barclays
12/12/18
Fair Isaac acquires Brazilian credit risk management consulting firm GoOn
FNMA Fannie Mae
$0.00 /

+ (+0.00%)

06/20/19 Compass Point
Fannie Mae initiated with a Neutral at Compass Point
04/04/19 B. Riley FBR
Fannie Mae initiated with a Neutral at B. Riley FBR
01/10/19 Cowen
Bright leaving Ginnie Mae 'negative' for Fannie, Freddie recaps, says Cowen
FMCC Freddie Mac
$0.00 /

+ (+0.00%)

06/20/19 Compass Point
Freddie Mac initiated with a Neutral at Compass Point

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