Pulte Orders Fannie Mae and Freddie Mac to Accept VantageScore From All Lenders
The move challenges FICO’s long-standing dominance of mortgage credit scoring. Equifax and TransUnion shares also fell alongside FICO in premarket trading.
The move challenges FICO’s long-standing dominance of mortgage credit scoring. Equifax and TransUnion shares also fell alongside FICO in premarket trading.
President Trump says the US is still considering a public share sale (IPO) for Fannie Mae and Freddie Mac. “We’re thinking about it. It’s not a rush,” he confirmed on Air Force One.
Fannie Mae and Freddie Mac shares fell after Trump named Bill Pulte as acting Director of National Intelligence. His new dual role delays expected IPO plans for the mortgage giants.
FICO shares dropped after Senator Josh Hawley launched a Senate investigation into massive increases in mortgage credit score prices—from $0.60 to $10—hurting first-time homebuyers.
Bill Ackman lobbies Trump officials to retire $370B govt stake in Fannie Mae & Freddie Mac, calling it his top 2026 idea for massive Treasury gains and shareholder wins.
Fannie Mae and Freddie Mac shares hit 1-year lows in March, down ~70% in 6 months as investors doubt Trump administration's privatization plans and IPO timeline.