On September 29, Fair Isaac fell 7.22% in after-hours trading, trading at 780.0 USD/share, with turnover of approximately $4.94 million. The stock has now declined over 30% cumulatively in September and nearly 50% year-to-date.

The continued selloff stems from a series of regulatory actions by FHFA Director Bill Pulte that have fundamentally challenged Fair Isaac's long-standing dominance in mortgage credit scoring. Pulte formally directed Fannie Mae and Freddie Mac to permit all lenders to adopt the VantageScore credit scoring system, effectively breaking FICO's monopoly. He publicly criticized the company for raising per-person credit score retrieval costs by 1,800% since 2020 and demanded competitive pricing. Subsequently, Fannie Mae and Freddie Mac announced that all mortgage-backed securities, credit risk transfer instruments, and securitized products would adopt a dual-scoring framework incorporating both VantageScore and FICO.

While some analysts have noted that most mortgage lenders appear to be pulling both FICO and VantageScore simultaneously rather than replacing FICO entirely — suggesting no observable volume loss yet — investor concerns over the long-term competitive threat remain elevated, continuing to pressure the stock.

(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.)