On September 29, Fair Isaac fell 19.92% in regular trading, trading at $675.09/share, with turnover of $136 million. The stock has now lost over 30% in September alone, with year-to-date declines approaching 50%.

The steep sell-off was driven by a structural shift in the U.S. mortgage credit scoring landscape. FHFA Director Pulte formally directed Fannie Mae and Freddie Mac to permit all lenders to adopt the VantageScore credit scoring system, effectively breaking FICO's longstanding monopoly in the mortgage evaluation space. Both government-sponsored enterprises subsequently announced that all securitized products would adopt a dual-scoring framework using both VantageScore and FICO. Pulte also publicly criticized FICO for inflating single-person credit score acquisition costs by 1,800% since 2020, demanding competitive pricing.

Analyst sentiment has turned more cautious. Goldman Sachs lowered its price target to $1,322 from $1,548 while maintaining a Buy rating. However, Raymond James analysts noted that despite VantageScore adoption rising, FICO has not yet experienced measurable volume loss, suggesting most lenders are running both scores concurrently rather than replacing FICO outright.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)