After a statement made last week in condemning the credit-score pricing practices of Fair Isaac Corp. (FICO), Federal Housing Finance Agency (FHFA) Director Bill Pulte is now being complimented for his position by the Community Home Lenders of America (CHLA). CHLA on Tuesday sent a letter to Pulte, saying that FICO “has a clear monopoly […]
CHLA offers support for Pulte’s position on FICO pricing Read More »
Fair Isaac Corp.’s shares saw their worst day since March 2020 on Wednesday, falling alongside credit bureau stocks after the head of the Federal Housing Finance Agency questioned credit report pricing. The FICO score provider dropped 16%, notching the day’s worst performance among S&P 500 Index members and extending Tuesday’s 8.1% slide. Shares of credit
Credit score stocks slide as FHFA head questions pricing Read More »
According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general
Why foreclosures are still below pre-pandemic levels Read More »