Fair Isaac Corporation (FICO) stock has taken a nosedive, plummeting 10% after Fannie Mae and Freddie Mac decided to embrace the new VantageScore 4.0 credit scoring model. This shift marks a significant change in the credit landscape, impacting FICO's market position:

• FICO's Stock Reaction: A sharp decline in stock value raises questions about its future.
• GSEs Accepting VantageScore: PulteGroup announced that GSEs will immediately accept the new scoring model.
• Market Implications: The adoption of VantageScore could redefine lending practices, pushing FICO to adapt.

Here's the full scoop.