FICO stock is collapsing as mortgage industry shakeup stands to reshape how credit scores are used

Your credit score is one of the most important data points associated with your identity. A good score generally means lower interest rates on everything from credit cards to mortgages, while a bad score can subject you to higher rates. When it comes to mortgages, for decades lenders only relied on data from one company: Fair Isaac Corporation (NYSE: FICO), the owner of the eponymous FICO score. But newly announced changes mean lenders can now pull data from one of Fair Isaac Corporation’...