🔴 Fair Isaac is trading 5.6% down in pre-market after proposed shift to two-bureau mortgage reports

Fair Isaac is trading 5.6% down at $624.62 after a Bloomberg report that FHFA plans to direct Fannie Mae and Freddie Mac to accept two-bureau credit reports instead of three.

• The proposed change could widen competitive pressure on Fair Isaac’s mortgage-scoring business.
• The report coincided with after-hours declines in Fair Isaac and TransUnion; broad index futures are higher.
• The October 1 rebound followed approval of Fair Isaac’s Direct License Program.