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FICO shares plunge 27% after FHFA opens mortgage pricing to VantageScore

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  • FHFA opened Fannie Mae and Freddie Mac mortgage pricing to competition between FICO and VantageScore.
  • 27% FICO shares fell on Sept. 29, their worst single-day decline since 1989.
  • Fannie Mae and Freddie Mac aligned Classic FICO and VantageScore pricing effective Oct. 1.
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