The average credit score in February 2025 was 715, according to FICO, the data analytics firm whose scoring models are used in 90% of lending decisions. That's compared to 716 in January 2025 and 717 ...

FICO has fired its latest shot in the credit scoring wars, launching a direct license program that promises to slash costs for lenders by cutting out credit bureau markups. But not everyone is ...

Credit scores are dropping nationwide, reflecting struggles Americans are having to stay afloat financially, according to FICO. The national FICO score, or three-digit number used to summarize your ...

Exactly 30 years ago, Fannie Mae and Freddie Mac adopted credit reports and their scores from FICO as a basis for mortgage credit decisions (approval or denial) and risk-based loan pricing. That FICO ...

Fair Isaac, known as FICO, is aiming to cut costs for the mortgage industry as it looks to bypass Equifax, TransUnion and Experian FICO says it plans to license its credit scores for mortgages ...

Mortgage lenders will soon have a new way to assess borrowers applying for government-backed loans. That sent the stock of America’s biggest credit score company plunging Tuesday. Federal Housing ...

Fair Isaac is upending the credit-scoring industry by giving mortgage lenders a way to get its credit scores without buying them from Experian, Equifax EFX-0.17%decrease; red down pointing triangle or ...

Shares of credit bureaus TransUnion, Equifax Inc. and Experian PLC slumped on Thursday as FICO said it will directly license its scores used to assess mortgage applicants’ creditworthiness. Fair Isaac ...