Funding & Business
Fair Isaac Drops as Pulte Lets Fannie, Freddie Use VantageScore
Shares in Fair Isaac Corp., known colloquially as FICO, headed for the worst slide since March 2020 after federal regulators said government-sponsored mortgage entities Fannie Mae and Freddie Mac will be able to use a second firm when determining borrowers’ creditworthiness.
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Christian Horner has been let go as chief executive officer and principal of champion Formula 1 team Red Bull Racing, following struggles both on and off the track over the past year.
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Treasuries are holding their ground following the longest streak of declines since April as investors look ahead to a US debt auction and the minutes from last month’s Federal Reserve meeting.
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