Cardinal Financial Completes Issue of First Ever Mortgage-Backed Security Containing Loans Decisioned with the help of FICO Score 10 T
Fair Isaac Corporation (FICO)
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Source: Business Wire
Mortgage securitization proves FICO Score 10 T’s ability to improve loan options for borrowers and provide better predictive power for lendersHIGHLIGHTS:Cardinal Financial (Cardinal) originated its first VA loans decisioned with the help of FICO® Score 10 T following early adoption of FICO’s newest and most predictive credit score.Cardinal formed and traded the first government-issued mortgage-backed security (MBS) pool featuring loans powered by FICO® Score 10 T on November 25.The first MBS pool featuring FICO® Score 10 T loans was traded to a primary dealer.FICO® Score 10 T helped enable Cardinal to extend more favorable loan terms for military and active-duty borrowers whose loans are held in this pool. BOZEMAN, Mont.--(BUSINESS WIRE)--Global analytics software leader FICO (NYSE: FICO) today announced a significant milestone in housing finance: the launch of the first ever government-issued mortgage-backed security (MBS) with loans decisioned using FICO® Score 10 T. This histori
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FICO
News
- Fair Isaac Co. (NYSE: FICO) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $2,150.00 price target on the stock.MarketBeat
- What is an excellent credit score? [Yahoo! Finance]Yahoo! Finance
- FICO UK Credit Card Market Report: October 2024 [Yahoo! Finance]Yahoo! Finance
- FICO UK Credit Card Market Report: October 2024Business Wire
- FICO Wins Banking Tech Award for Blockchain and AI Innovation [Yahoo! Finance]Yahoo! Finance
FICO
Earnings
- 11/6/24 - Beat
FICO
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 144
- 12/16/24 - Form 4
- FICO's page on the SEC website