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Shares of credit scoring and analytics company FICO (NYSE:FICO) fell 20% in the pre-market session after Federal Housing Finance Agency Director Bill Pulte announced a unified mortgage pricing grid, with competitor TransUnion amplifying the selloff by locking in 99-cent VantageScore pricing through 2028.
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Shares of credit reporting giant Equifax (NYSE:EFX) fell 4.1% in the pre-market session after Federal Housing Finance Agency Director Bill Pulte announced a unified mortgage pricing grid, escalating a regulatory campaign against credit bureau fees that was amplified by a competitor’s price war.
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