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FICO prices increasing

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FlaDude
Valued Contributor

FICO prices increasing

Here are a few recent articles about FICO increasing the cost of scores they provide to lenders. Some of these specifically mention mortgage scores and it's not really clear if other scores are affected. The last one is subscriber only but you can read the first few paragraphs.

https://www.scotsmanguide.com/news/mortgage-industry-concerns-on-fico-score-prices-echoed-by-congres...

 

https://www.investing.com/news/company-news/ficos-swot-analysis-stock-poised-for-growth-amid-pricing...

 

https://www.housingwire.com/articles/mortgage-credit-score-prices-predicted-to-rise-2025/

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 36 years, open: 25 years; AAoA: 11.8 years
Amex Gold, Amex Green, Amex Blue, Amex ED, Amex Delta Gold, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA Plat, Sync Lowes, Sync JC Penney - total CL 145k
Loans: Chase car loan (35k/6yrs 0.9%)
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pizzadude
Credit Mentor

Re: FICO prices increasing

Sounds like there's not much competition, so they can pretty much raise prices without losing much business:

 

The report cited FICO’s dominant market position, which covers more than 95% of securitizations

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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Thomas_Thumb
Senior Contributor

Re: FICO prices increasing

Lack of competition has certainly helped their stock go up 4x in 2 years.

Fico 9: .......EQ 850 TU 850 EX 850
Fico 8: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
Fico 8 BC:. EQ 892 TU 900 EX 900
Fico 8 AU:. EQ 887 TU 897 EX 899
Fico 4 BC:. EQ 826 TU 858, EX Fico 98 BC: 870
Fico 4 AU:. EQ 831 TU 872, EX Fico 98 AU: 861
VS 3.0:...... EQ 835 TU 835 EX 835
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
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