Fair Isaac and TransUnion Shares Slide After Hours on Report of Two-Bureau Mortgage Credit Plan
Fair Isaac shares dropped about 7% after the US close today on a Bloomberg report that mortgage finance regulators plan to cut the credit reports they require from three bureaus to two.
Fair Isaac (NYSE: FICO) shares fell about 7% in after-hours trading today after Bloomberg reported that US housing regulators plan to move mortgage lending from three-bureau to two-bureau credit checks. TransUnion, one of the three credit bureaus, dropped about 6%.
Fair Isaac, the company behind the FICO credit score, had closed the regular session up 11.69% at $661.75, from $592.47 yesterday. The report landed about four minutes after the 4pm New York close.
Today, a mortgage lender typically works from a “tri-merge” report, which combines files from all three bureaus: Equifax, Experian and TransUnion. A “bi-merge” would use files from only two.
Sponsored content
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Sponsored content
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Sponsored content
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Sponsored content
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Sponsored content
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Bloomberg’s story, by Katy O’Donnell, rests on one person familiar with the matter. It said the Federal Housing Finance Agency (FHFA) could issue the directive to Fannie Mae and Freddie Mac within weeks.
The same source said Bill Pulte, the FHFA director, could announce it as soon as the 12th of October at a mortgage industry conference in Chicago. The FHFA had not immediately responded to a request for comment, and nothing is official until it speaks.
Pulte has pushed to lower the cost of credit reporting and scoring, and has pressured the bureaus and Fair Isaac to cut their fees. On the 3rd of September he said the agency was considering a bi-merge approach.
Sponsored
seriously considering bi-merge
Bill Pulte, FHFA director
The stock was already badly hurt. Fair Isaac fell 27% on Tuesday after the FHFA put VantageScore on the same mortgage pricing grid as FICO Classic. VantageScore is a rival score owned jointly by the three bureaus.
Fair Isaac daily closing share price, 25 June to 1 October 2026, US dollars.
That session took the close to $617.87 from $840.89 on Monday. The stock fell nearly 49% over September, and today’s regular-session close of $661.75 is still well below Monday’s $840.89.
US trading resumes tomorrow at 2.30pm UK time, when the market will first be able to trade the report during the regular session.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
