Levi & Korsinsky Notifies Investors of Pending Investigation Into Securities Claims Involving Fair Isaac Corporation (FICO)

FICO stock plummeted following announcements from the FHFA and Rocket Mortgage. Levi & Korsinsky is investigating potential securities law violations on behalf of affected investors

NEW YORK, Oct. 05, 2026 (GLOBE NEWSWIRE) -- A roughly 8% after-hours slide in FICO (NYSE: FICO) stock deepened to a reported 20% premarket drop after the Federal Housing Finance Agency announced it would simplify mortgage pricing and could allow a direct competitor to FICO's credit score into mortgage underwriting. If you held FICO shares through that overnight selloff and lost money, you may have legal rights. Investors who suffered losses are encouraged to submit their loss details to the firm now, or to contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

The news did not stop there. Following the FHFA announcement, Rocket Mortgage issued a press release, announcing it will be using VantageScore 4.0, a direct competitor to the classic FICO score, as its preferred scoring model going forward following months of testing and alleged finding that it “helped more qualified clients,” than FICO. By premarket trading, reported declines had widened to as much as 20%.

Investors weighed potential pressure on FICO's pricing power and fee income in mortgage scoring. In its Form 10-Q filed July 29, 2026, FICO attributed the increase in its business-to-business Scores revenue primarily to "a higher mortgage origination scores unit price." During the same-day earnings call, FICO’s CEO William J. Lansing suggested to investors VantageScore was only useful when “gaming” the system, and you still “need to pull both a FICO Score and a VantageScore if you’re going to do the gaming.”

Levi & Korsinsky is investigating potential securities law violations on behalf of FICO investors who suffered losses. FICO shareholders who lost money as the selloff deepened may request a review of their FICO losses or reach Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.

Frequently Asked Questions About the FICO Investigation

Q: How much did FICO stock drop? A: FICO shares fell roughly 8% in after-hours trading, with a premarket decline of more than 20% by market open on September 29, 2026. 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 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. Should 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.

Q: What if I live outside the United States? A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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