On October 1, Fair Isaac fell 5.09% in regular trading, trading at $586.44 per share with turnover of $8.07 billion, extending a sharp multi-session selloff that has erased roughly half of the stock's value year-to-date.

The continued decline is driven by FHFA Director Bill Pulte's announcement that VantageScore will be incorporated into the existing FICO classic mortgage pricing grid, replacing a previously proposed dual-grid system with a single unified grid. Pulte stated the move follows feedback from lenders and consumers. Fannie Mae and Freddie Mac have confirmed that all securitized products will adopt a dual-scoring framework using both VantageScore and FICO, effectively dismantling FICO's longstanding monopoly in mortgage credit scoring. Pulte also publicly criticized FICO for raising the cost of obtaining a single credit score by 1,800% since 2020 and demanded competitive pricing.

Wall Street has responded with successive target price cuts. BMO Capital lowered its target to $1,150 from $1,550 while maintaining an Outperform rating, and Goldman Sachs trimmed its target to $1,322 from $1,548, keeping a Buy rating. The analyst consensus target now stands at approximately $1,247, well above the current trading level but markedly below prior estimates.

(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.)