Fair Isaac Corporation (FICO) Securities Investigation Notice - Levi & Korsinsky
FICO shareholders saw after-hours and premarket losses of up to a reported 20% after the FHFA's mortgage credit score announcement. Levi & Korsinsky is investigating potential securities law violations on behalf of affected investors.
NEW YORK, Oct. 7, 2026 /PRNewswire/ -- Shareholders of Fair Isaac Corporation (NYSE: FICO) saw as much as a reported 20% of their position's value erased in premarket trading after the Federal Housing Finance Agency (FHFA) announced it would simplify mortgage pricing and could allow a competing credit score into mortgage underwriting. If you held FICO shares when that announcement hit and lost money, you may have legal rights. Affected shareholders are encouraged to submit your losses for review now . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
During FICO's second quarter earnings call, on April 28, 2026, when analyst Craig Huber for Huber Research Partners asked management to confirm that were "not worried at all that Vantage is going to take any meaningful share from you on the conforming mortgage side," CEO William J. Lansing affirmatively reassured investors that was "correct." On May 5, 2026, during a conference hosted by Barclays, CEO Lansing questioned whether "Vantage gets any share at all," even if they were approved.
Within hours of the FHFA announcement, Rocket Mortgage announced they will be utilizing VantageScore 4.0 as its "preferred credit scoring model for all eligible loans" moving forward.
Levi & Korsinsky is investigating potential securities law violations on behalf of FICO investors who suffered losses tied to the decline. Shareholders who sold into the decline and those still holding shares may both be eligible to participate in the investigation.
Lost money on FICO shares after the FHFA announcement? Start your confidential loss review or call (212) 363-7500.
Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.
Frequently Asked Questions About the FICO Investigation
Q: How much did FICO stock drop? A: Shares fell more than 20% by the time the market opened on September 29, 2026, and by midday the stock had fallen more than 25% from the previous day's closing price. The drop followed the Federal Housing Finance Agency's announcement that it would simplify mortgage pricing and could allow a competing credit score into mortgage underwriting. Investors who purchased FICO shares and suffered losses may be eligible to seek recovery.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether FICO's statements to investors regarding its mortgage credit-scoring business and related regulatory risks were accurate and complete. When the FHFA announced its mortgage credit score changes and Rocket Mortgage announced the adoption of its competitor, VantageScore 4.0, as its default credit scoring model, FICO's stock price declined sharply.
Q: Who is eligible to participate in the FICO investigation? A: Investors who purchased FICO stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do FICO investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery . No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my FICO shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought FICO and sold at a loss may still participate in the investigation.
Q: What if my FICO losses are small -- is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. If you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
CONTACT:
Levi & Korsinsky, LLP
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP
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