General World News

The mortgage industry braces for (more) FICO price hikes

In the halls of the Colorado Convention Center on Monday, it was hard not to overhear mortgage bankers gnashing their teeth over the rumored price hikes for Fair Isaac Corp (FICO) scores.

“They’ve got us by the balls,” said one mortgage pro in an interview between sales meetings at Mortgage Bankers Association (MBA) Annual 2024 in Denver. “It’s an abuse of power, a complete monopoly.”

“It’s outrageous,” huffed another in an interview as he walked beneath a banner that touted FICO as the presenting sponsor of details ⇒

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