FICO stock plunges 24% as VantageScore wins access to Fannie and Freddie mortgages

The FHFA will let Fannie Mae and Freddie Mac use a single pricing grid that includes both FICO and VantageScore, ending Fair Isaac's decades-long monopoly. FICO shares fell over 24% to just above $635, down 60% year to date. Rocket Mortgage became the first lender to adopt VantageScore for all eligible loans.

• FHFA merges Fannie and Freddie pricing grids to include both FICO and VantageScore
• FICO stock drops over 24% to $635, down 60% year to date
• Rocket Mortgage is first lender to use VantageScore for all eligible loans
• VantageScore 4.0 factors in rent payments, aiding those with thin credit files