About Federal National Mortgage Association
- Industry: Financial Services
- Exchange: OTC MARKETS
- Country: US
- Website: https://www.fanniemae.com/
Frequently Asked Questions
What is the 52-week range for FNMA?
The 52-week high is $12.98 and the 52-week low is $3.6.
What is the P/E ratio for FNMA?
The Price to Earnings (P/E) ratio is 0.34.
What is the dividend yield for FNMA?
This company does not currently pay a dividend or the data is unavailable.
What is the Return on Equity (ROE)?
The trailing twelve months (TTM) Return on Equity is 13.60%.
What is the Net Profit Margin?
The Net Profit Margin (TTM) is 9.39%.
What is the Price to Book (P/B) Ratio?
The annual Price to Book ratio stands at 0.11.
Analyst Recommendation Trends
Wall Street analyst consensus for FNMA over the last few months:
Latest FNMA News
A mortgage rule change just gave FICO its worst day since 1989
Your lender may soon check a different credit score than the one you know, and it could work in your favor.
Could a Portable Mortgage Let You Keep Your Low Rate When You Move?
The MOVE Act could let you take your low mortgage rate to a new home. But there's a catch. Find out who qualifies and why lenders still hold power.
Why Is Equifax (EFX) Facing New Pressure In Mortgage Credit Scores?
Equifax (NYSE:EFX) faces fresh competition as Fannie Mae and Freddie Mac move to include VantageScore in mortgage underwriting in 2026. The Federal Housing Finance Agency is directing Fannie and Freddie to use a single pricing grid that applies to both VantageScore and FICO models. Major originators such as Rocket Mortgage are preparing to adopt the dual-score framework, reshaping demand for traditional mortgage credit reports. The shift to VantageScore alongside FICO could alter Equifax's...
Wall Street Breakfast Podcast: No Sprint For Nike Yet
Nikeâs China slump is getting harder to outrun. Moderna is joining the Nasdaq-100. The mortgage industry is bracing for a credit-reporting shake-up.
FICO stock tumbles on report of credit bureau requirement change
Investing.com -- Fair Isaac (NYSE) shares fell 7% after hours Thursday, while TransUnion (NYSE) dropped 6%, following a Bloomberg report that the Federal Housing Finance Agency plans to direct Fannie Mae and Freddie Mac to require lenders to pull credit data from two major credit reporting bureaus instead of three.
Fair Isaac stock continues to whipsaw, falling 8% in premarket trading
Stock in Fair Isaac Corp. rose 11% on Thursday.
Fair Isaac stock pops 11% 2 days after rout, even as BofA cuts price target
Stock in Fair Isaac Corp. rose 11% on Thursday.
KeyBank Provides $92.9 Million in Financing for 166-Unit Affordable Housing Development in Los Angeles
CLEVELAND, OH / ACCESS Newswire / October 1, 2026 / Community Development Lending and Investment (CDLI) provided $92.9 million in financing for Broadway & Imperial, a new 166-unit affordable housing development in South Los Angeles.
Greystone Provides $18.7 Million in Fannie Mae DUS® Financing for Multifamily Property in West Point, Utah
NEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided an $18,652,000 Fannie Mae DUS® loan to refinance Bluffview Townhomes, an 86-unit multifamily community in West Point, Utah. The financing was originated by Lorie Hanson, Managing Director at Greystone. Completed in 2025, Bluffview Townhomes in Davis County is a 19-building townhome community with three-bedroom, 2.5-bath units. The residences feature quartz countertops,
Fair Isaac's Dominance in Mortgage Credit Scoring Could be Challenged by New Grid Structure, BofA Says in Downgrade
Fair Isaac's (FICO) dominance as a credit-score provider in the mortgage industry could be challenge
Fair Isaac (FICO) Faces Fresh Regulatory Pressure
Fair Isaac (NYSE:FICO) faces new competition after a US regulator approved VantageScore for use in Fannie Mae and Freddie Mac mortgage approvals. The move ends FICO's exclusive role in agency mortgage credit scoring for loans sold to the two government sponsored entities. Regulators aim to widen borrower access to agency backed home loans by allowing multiple credit score models in underwriting decisions. The introduction of VantageScore into Fannie Mae and Freddie Mac decisions is...
His $3,000 Social Security Check Can Count as $3,113 to a Mortgage Lender. That Matters More With Rates Back Above 7%
Fannie Mae has a little-known rule that can quietly add income to a Social Security recipient's mortgage application, and with 30-year rates crossing 7% again, a few extra dollars of qualifying income can separate an approval from a rejection.
Why Fair Isaac Corporation (FICO) Stock Is Falling Today
Shares of credit scoring and analytics company FICO (NYSE:FICO) fell 20% in the pre-market session after Federal Housing Finance Agency Director Bill Pulte announced a unified mortgage pricing grid, with competitor TransUnion amplifying the selloff by locking in 99-cent VantageScore pricing through 2028.
Why Equifax (EFX) Shares Are Sliding Today
Shares of credit reporting giant Equifax (NYSE:EFX) fell 4.1% in the pre-market session after Federal Housing Finance Agency Director Bill Pulte announced a unified mortgage pricing grid, escalating a regulatory campaign against credit bureau fees that was amplified by a competitor’s price war.
Fannie Mae Announces Winner of Twenty-Eighth Community Impact Pool of Non-Performing Loans
Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-eighth Community Impact Pool (CIP) of non-performing loans. The transaction, announced on August 19, 2026, included the sale of 24 loans totaling $6,200,360 in unpaid principal balance (UPB), offered in one pool, geographically located in the Dallas-Ft. Worth area. The transaction is expected to close on November 19, 2026. VRMTG ACQ, LLC was the winning bidder. BofA Securities, Inc. marketed the pool as advisor.
Fair Isaac Stock Had Its Worst Day Since 1989. Is the FICO Score’s Near Monopoly Over?
Fair Isaac stock falls after Bill Pulte, the director of the Federal Housing Finance Agency, says the mortgage pricing grid is being simplified and that VantageScore is being incorporated.
Rocket Stock Rises After It Switches Default Credit Score
The switch covers Fannie Mae, Freddie Mac and VA loans starting in the fourth quarter
FICO Stock Plunges 26% in Worst Day Ever as FHFA Dismantles Its 30-Year Mortgage Monopoly — But One Buried Detail May Limit the Damage
Fair Isaac is having its worst day ever after a tweet from Bill Pulte. Here's what traders need to know.
FICO Sinks 27% as Trump Admin Announces Plans to End Its Mortgage Scoring Monopoly
Key TakeawaysFICO shares fell about 27% after FHFA Director Bill Pulte said Fannie Mae and Freddie Mac will merge their two mortgage pricing grids into one that includes VantageScore next to FICO Classic. Putting VantageScore on the same pricing grid removes the main cost reason for lenders to stay with FICO’s mortgage scores.
Fair Isaac Tanks After Government Snaps FICO Score Monopoly For Mortgage Pricing
Fair Isaac stock fell around 18% on Tuesday. The drop came after the government announced it would start to use a competitor to the FICO score to determine mortgage prices.
FICO stock is collapsing as mortgage industry shakeup stands to reshape how credit scores are used
Newly announced changes mean lenders can pull data from one of Fair Isaac Corporation’s main competitors, VantageScore Solutions.
Fair Isaac Can’t Win for Losing: First AI, Now Competition Crushes FICO Stock
Fair Isaac built its dominance on one pricing advantage, but a federal housing regulator just eliminated it, and that may be the least of FICO's problems right now.
Fair Isaac stock plunges 20% after Fannie and Freddie open door to FICO credit score rival
Stock in Fair Isaac Corp. fell sharply on Tuesday after the Federal Housing Finance Agency announced a change in mortgage pricing, introducing competition to FICO Score's long hold on mortgage lending.
FICO stock drops 20%: Analysts break down the impact of FHFA’s single pricing grid
Investing.com -- Fair Isaac (NYSE: FICO) dropped 20% in premarket trading on Tuesday after Federal Housing Finance Agency Director Bill Pulte announced that Fannie Mae and Freddie Mac will adopt a single loan-level pricing adjustment grid covering both FICO and VantageScore, eliminating the pricing differential that had long protected FICO’s dominance in mortgage originations. The move rattled the broader credit-scoring sector, with TransUnion falling 4%, Equifax dropping 6.7%, and London-listed
The US Moves to End FICO’s Mortgage Scoring Monopoly. The Stock Is Tumbling
The U.S. government is moving to bring competition to credit scoring for mortgages. That’s not good news for Fair Isaac shareholders.
FICS Completes Fannie Mae Escrow Event-Based Reporting Testing for Both API and CSV Upload Methods
DALLAS, September 29, 2026--FICS has successfully completed testing for Fannie Mae's event-based escrow reporting initiative.
On September 28, 2026 Bill Pulte Post On X "We are Simplifying Mortgage Pricing following feedback from lenders and consumers. Instead of two separate pricing grids, which makes zero sense, Fannie and Freddie are hereby moving to ONE PRICING GRID with VantageScore joining the existing FICO Classic pricing grid."
https://x.com/pulte/status/2104671321414099037
TransUnion Extends 99-Cent Mortgage Pricing for VantageScore® 4.0 Through the End of 2028 to Support Competition and Price Stability in Mortgage Credit Scoring
Three-year commitment provides greater pricing certainty and drives innovation as FHFA announces VantageScore 4.0 availability for all approved Fannie Mae and Freddie Mac lendersCHICAGO, Sept. 29, 2026 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that it will extend its mortgage pricing for VantageScore® 4.0 through December 2028, providing lenders, mortgage resellers and other industry participants with long-term pricing certainty as adoption of modern credit scoring models contin
FNMA, FMCC Stocks Have ‘No Support Anywhere Near Here,’ Says Michael Burry: 'Clearly Fallen Into That News Desert'
‘The Big Short’ Investor Michael Burry said in a comment on Substack chat that Federal National Mortgage Association and Freddie Mac do not have support anywhere near current prices.
Rocket Mortgage Becomes First Home Lender to Use VantageScore as its Preferred Scoring Model on All Eligible Loans
Rocket Mortgage, part of Rocket Companies (NYSE: RKT), today announced it will become the first mortgage lender to use VantageScore 4.0 as its preferred credit scoring model for all eligible loans. After roughly four months of testing, the company found that VantageScore helped more clients qualify and move forward in the mortgage process, while also reducing credit scoring costs.
FICO stock tumbles as US moves to break mortgage scoring monopoly
Investing.com -- Shares of Fair Isaac Corporation (NYSE: FICO) tumbled 8% after-hours Monday after the Federal Housing Finance Agency (FHFA) announced structural changes to mortgage pricing that will introduce direct competition to FICO’s longstanding credit scoring monopoly.
Credit Scores: What Worked 10 Years Ago vs. What Gen Z Needs To Do Now
New, more nuanced models with better data sets give Gen Z new opportunities to build a great credit score, but it requires more consistent spending habits.
Fannie Mae Announces Tender Offer for Any and All of Certain CAS Notes
Fannie Mae (OTCQB: FNMA) today announced that it has commenced fixed-price cash tender offers (each, an "Offer" and, collectively, the "Offers") for the purchase of any and all of the Connecticut Avenue Securities® (CAS) Notes listed below (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase and related Notice of Guaranteed Delivery, each dated as of September 28, 2026 (collectively, the "Offer Documents"). The classes of Notes subject to the Offers were
Keefe, Bruyette & Woods Maintains Underperform on Federal National Mortgage, Lowers Price Target to $3.5
Keefe, Bruyette & Woods analyst Bose George maintains Federal National Mortgage (OTC:FNMA) with a Underperform and lowers the price target from $6.25 to $3.5.
FNMA, FMCC Head For September Slump As Analyst Cuts Targets On Privatization Doubts: Retail’s Losing Faith Too
Keefe Bruyette lowered the price target on Fannie Mae to $3.50 from $6.25 and maintained an ‘Underperform’ rating on the shares.
New financing rules are about to make buying or selling a condo even more complicated
Mortgage giants Fannie Mae and Freddie Mac are tightening their condo financing policies at a time when the market is still weak.
Another beloved retail chain, closing and liquidating
One more iconic retailer joins a list that includes Bob’s Stores, Lechmere, Caldor, Ames, Jordan Marsh, and Filene’s Basement.
Freddie Mac: Multifamily Delinquency Rate Rises To Multi-Decade High
Both Fannie and Freddie report that serious delinquencies in multifamily are rising to multiyear highs.
8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges
With the 10-year Treasury up sharply and the outlook for the U.S. economy looking unclear, some say 8% mortgage rates are back on the table.
Tracking John Paulson's Paulson & Company Portfolio: Q2 2026 Update
John Paulsonâs Q2 2026 13F portfolio fell to ~$2.58B, with 8 holdings and a concentrated top five making up ~92%. Click to read this analysis on the portfolio.
She was ready to buy her dream home — but discovered the condo HOA had just 1% in cash reserves
You may be able to choose your house or condo, but you can’t always choose your homeowners association.
Fannie Mae Announces Winners of its Latest Non-Performing Loan Sale
Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-eighth non-performing loan sale transaction. The transaction, announced on August 19, 2026, included the sale of 919 loans totaling $203,303,314 in unpaid principal balance (UPB), offered in one pool. The winning bidder was Residential Credit Opportunities Trust IX-D. The transaction is expected to close by November 4, 2026. The pool was marketed with BofA Securities, Inc. as advisor.
Sagent Promotes Sridhar Sharma To CEO; Names Fannie Mae Veteran Andrew Bon Salle Board Chairman
Sagent, a leading fintech company powering several of the largest mortgage operators in the country, today announced the promotion of Sridhar Sharma to Chief Executive Officer and the appointment of Fannie Mae veteran Andrew Bon Salle as Chairman of the Board. The strategic leadership changes come as the company accelerates the growth and scaled deployment of Dara, its AI-native, end-to-end servicing platform.
Federal National Mortgage Association (FNMA), Why Is Fresh Attention Building Here?
The Federal Housing Finance Agency’s move to align mortgage insurance rules has put Federal National Mortgage Association (FNMA) in focus, as investors weigh how easier insurance cancellation might influence mortgage-guarantee activity. In the short term, Federal National Mortgage Association’s share price has come under pressure, with the stock down 9.71% over the past week and 17.78% over 30 days. By contrast, the year-to-date share price return of 52.91% and the 1-year total shareholder...
Could Fannie Mae’s New MI Rules Quietly Reshape Its Core Housing-Finance Economics (FNMA)?
Earlier this week, the Federal Housing Finance Agency aligned Fannie Mae’s mortgage‑insurance policies with Freddie Mac, making it easier for eligible borrowers to cancel mortgage insurance as home values rise and monthly payments decline. This policy shift directly affects how borrowers experience housing costs, which in turn influences demand for Fannie Mae’s mortgage guarantees and broader housing‑finance role. We’ll now examine how easier mortgage‑insurance cancellation might interact...
Strength Seen in Fannie Mae (FNMA): Can Its 7.3% Jump Turn into More Strength?
Fannie Mae (FNMA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
AM Best Upgrades Credit Ratings of Enact Holdings, Inc. and Certain Operating Subsidiaries
OLDWICK, N.J., September 18, 2026--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a" (Excellent) from "a-" (Excellent) of the following operating subsidiaries of Enact Holdings, Inc. (EHI) (Delaware) [Nasdaq: ACT]: Enact Mortgage Insurance Corporation (EMIC) and Enact Mortgage Insurance Corporation of North Carolina (EMIC-NC) (collectively referred to as the Enact US-domiciled companies). Both ope
Tracking Bruce Berkowitz's Fairholme Portfolio - Q2 2026 Update
Fairholme Fundâs latest 13F shows a 76% stake in St. Joe Company. Minor new positions were initiated at Pfizer, Campbell Soup, and UPS. See more here.
StoneX (SNEX) Turns Mortgage Bond Complexity Into New Revenue
On September 10, StoneX Group (NASDAQ:SNEX) and DeltaTerra Investments rolled out a synthetic credit structure built around Agency mortgage bonds issued through Fannie Mae’s Connecticut Avenue Securities program and Freddie Mac’s Structured Agency Credit Risk program. The deal lets institutional investors get exposure to that credit risk through a credit default swap instead of buying […]
‘Big Short’ Investor Michael Burry Says Housing Is 'Creaking' — But He's Betting On Fannie And Freddie Anyway
Burry considered adding shares but is waiting for momentum traders to exit before the stocks stabilize.
Pulte seeks easier mortgage insurance cancellation as housing affordability deteriorates
FHFA head Bill Pulte said he was aligning policies between two mortgage giants to allow servicers to contact borrowers who are eligible to drop mortgage insurance.
FHFA Director Bill Pulte Says In X Post That Fannie Mae Will Follow Freddie Mac's Rule Allowing Loan Servicers To Contact Borrowers Who May Qualify To Cancel Private Mortgage Insurance
https://x.com/pulte/status/2099876969483567277
An $80 Billion Treasury Shift Could Be a Warning for U.S. Bonds
Treasury Secretary Scott Bessent is facing an increasingly intense logistical headache. Here's what to know.
FHA to Accept VantageScore 4.0 on January 1, 2027, Expanding Homeownership Opportunities for Newly-Eligible Americans
SAN FRANCISCO, September 11, 2026--The Federal Housing Administration (FHA) will accept mortgage collateral backed by the VantageScore 4.0 credit scoring model starting on January 1, 2027. Mortgages issued by the FHA account for nearly 20% of annual mortgages in the United States. The change reflects longstanding efforts to expand access to homeownership for creditworthy, working-class Americans, in line with the Federal Housing Finance Agency’s (FHFA) mandate to accept collateral using the more
Nvidia Is One of the Most Profitable Businesses in the World. Here's Why the Stock Is Worth $311 a Share Right Now -- 39% More Than Its Share Price.
Nvidia keeps more than half of every dollar of revenue as profit.
Scott Bessent Thinks Norway May Trade Treasuries for Assets Like Fannie Mae. What That Actually Means for FNMA Stock.
Scott Bessent suggested Norway may swap Treasuries for assets like Fannie Mae as Norges Bank proposed cutting government bonds from 70% to 50% of its benchmark, potentially selling $75–80 billion of U.S. Treasuries.
StoneX and DeltaTerra Develop New Synthetic Structure for Agency Credit Risk Transfer
NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) -- StoneX Financial Inc. ("StoneX") and DeltaTerra Investments ("DeltaTerra") today announced the execution of a synthetic credit risk transfer ("CRT") transaction referencing Agency CRT securities issued through Fannie Mae’s Connecticut Avenue Securities ("CAS") program and Freddie Mac’s Structured Agency Credit Risk ("STACR") program. The transaction offers institutional investors additional mortgage credit capacity and an efficient structure to access
All Mortgages Securitized by Fannie Mae and Freddie Mac Will Now Disclose a VantageScore 4.0 Credit Score
SAN FRANCISCO, September 10, 2026--Federal Housing Finance Agency (FHFA) Director Bill Pulte announced that all mortgages securitized by the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, will now disclose a VantageScore 4.0 credit score in addition to a legacy score, effective immediately. This follows Director Pulte’s recent directive that Fannie Mae and Freddie Mac can now accept VantageScore 4.0 credit scores from all mortgage origination lenders. VantageScore 4.0 is th
AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for September 2026
AGNC Investment Corp. (Nasdaq: AGNC) announced today that its Board of Directors has declared a cash dividend of $0.12 per share of common stock for September 2026. The dividend is payable on October 9, 2026 to common stockholders of record as of September 30, 2026.
U.S. Director of Federal Housing Bill Pulte Posts On X "Effective Today, in the interest of transparency, ALL Mortgage Backed Securities (MBS), ALL Credit Risk Transfers (CRT), and ANY Securitized Product issued by Fannie Mae and Freddie Mac will now carry a VantageScore, in addition to a FICO score. One company cannot hold the market hostage. Americans and Investors and the market want change."
https://x.com/pulte/status/2097753235100512596
FICO’s Monopoly Cracks, But the Dip Could Be a Gift for Patient Investors
FICO plunged 17% after FHFA's Bill Pulte opened Fannie/Freddie lending to VantageScore, ending its scoring monopoly. Yet market share erosion will take years. With a solid business and excellent cash flow, contrarians may find this dip attractive.
He Co-Signed His Daughter’s Mortgage. Two Years Later, It Cost Him His Own Retirement Home Loan, Even Though She Never Missed a Payment.
Robert's pension, his Social Security, and his daughter's spotless payment record were not enough to save his retirement mortgage application, and the reason traces back to a rule buried in underwriting guidelines that most loan officers never mention.
FICO Stock Falls Pre-Market After Bill Pulte Declares ‘No More’ to FICO’s Mortgage Scoring Monopoly — Orders Fannie Mae, Freddie Mac to Open Door to VantageScore (UPDATED)
Editor’s note: The story has been updated to include a statement from FICO. Bill Pulte, the Director of the Federal Housing Finance Agency (FHFA), has instructed Fannie Mae and Freddie Mac to permit all lenders to utilize the VantageScore credit...
One Regulator Just Ended Fair Isaac’s (FICO) Mortgage Monopoly. The Stock Fell 16% – Is It Justified?
For decades, Fair Isaac Corporation (NYSE:FICO) maintained a virtual monopoly over the US mortgage credit scoring market, implementing cumulative price increases of roughly 1,800% per score since 2020. That regulatory moat weakened on September 4, 2026, when the FHFA directed Fannie Mae and Freddie Mac to accept VantageScore 4.0 from all mortgage lenders. VantageScore is […]
Fair Isaac (FICO) Is Down 19.2% After FHFA Opens Mortgage Scoring To VantageScore Competition - Has The Bull Case Changed?
The Federal Housing Finance Agency recently ended Fair Isaac’s long-running exclusivity in U.S. mortgage credit scoring by allowing Fannie Mae and Freddie Mac to accept VantageScore 4.0 models from all lenders. This move threatens a key profit engine for Fair Isaac’s Scores segment by introducing direct price and model competition into its historically protected mortgage franchise. We’ll now examine how the loss of FICO’s exclusive role in government-backed mortgages could reshape Fair...
Why Fair Isaac Corporation (FICO) Shares Are Getting Obliterated Today
Shares of credit scoring and analytics company FICO (NYSE:FICO) fell 15.2% in the afternoon session after the Federal Housing Finance Agency approved VantageScore 4.0 for all lenders originating Fannie Mae and Freddie Mac mortgage loans, according to the company’s press release. FHFA Director Bill Pulte directed government-sponsored enterprises Fannie Mae and Freddie Mac to immediately approve all mortgage lenders to use the VantageScore 4.0 credit scoring system. This directive expands a succes
Bill Pulte Instructs Fannie and Freddie to Approve VantageScore in Blow to FICO Scores
Three big credit firms are “overcharging Americans,” according to Bill Pulte, the head of the Federal Housing Finance Agency.
FICO Stock Falls 16% After Pulte Ends Its Mortgage Monopoly
Fannie Mae and Freddie Mac must approve every lender for VantageScore
Why Fair Isaac Stock Crashed Today
U.S. Federal Housing Finance Agency Director Bill Pulte thinks FICO is making too much money.
VantageScore 4.0, the Mortgage Credit Score, Now FHFA Approved for All Lenders Originating Fannie Mae and Freddie Mac Mortgage Loans
SAN FRANCISCO, September 04, 2026--Federal Housing Finance Agency (FHFA) Director Bill Pulte has directed Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, to accept VantageScore 4.0 credit scores from all mortgage origination lenders, effective immediately. The most advanced credit score available for mortgage origination today, VantageScore 4.0, uses 400% more data to generate a credit score than legacy credit scores, providing a more predictive view of borrower creditworthi
FICO Stock Falls Pre-Market After Bill Pulte Declares ‘No More’ to FICO’s Mortgage Scoring Monopoly — Orders Fannie Mae, Freddie Mac to Open Door to VantageScore
Trump housing chief Bill Pulte moves to break FICO’s monopoly, allowing lenders to use VantageScore for mortgages.