Fair Isaac Shakes Up Mortgage Industry with New Direct Licensing Model

Fair Isaac Corporation (FICO) made a significant strategic move on Thursday, launching a new direct licensing initiative for mortgage scores that could fundamentally reshape the lending landscape. This announcement comes as the credit scoring pioneer’s shares gained 1.08% to reach $1,512.71, bolstered by fresh “buy” ratings from major financial institutions.

Market experts are responding positively to FICO’s new direction. Seaport Global initiated coverage with a “buy” recommendation, emphasizing the company’s analytical leadership in the sector. Wells Fargo included the stock in its Q4 Tactical Ideas list while maintaining an “overweight” position. Goldman Sachs reaffirmed its “buy” rating, praising what it termed a robust mortgage strategy.

Even BMO Capital, despite reducing its price target to $1,650, maintained an “outperform”... Read more...