Why I'm putting Fair Isaac on my watchlist now!
Fair Isaac Corporation is much more than just a name. The FICO score is the global standard for creditworthiness, providing banks and lenders with invaluable insights into the creditworthiness of billions of people.
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The stock of Fair Isaac (NYSE: FICO) has recently experienced significant losses, mainly triggered by the decision of the Federal Housing Finance Agency to allow the VantageScore 4.0 alongside the established FICO scores for mortgage lending. This move ends FICO's long-standing monopoly at Fannie Mae and Freddie Mac and increases competitive pressure in the credit scoring market. Despite these challenges, the stock should be kept on the radar. The company still holds a strong market position and enjoys immense trust due to its long history and integration...
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