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Price: $387.50, Change: $+1.07, Percent Change: +0.28%
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Research
Research Alert: Fico Loses Its Grip - Fhfa Opens Door To Rivals
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FICO's stranglehold on mortgage credit scoring officially ended as FHFA Director Bill Pulte announced that "effective immediately," Fannie Mae and Freddie Mac would accept VantageScore, FICO's main competitor, credit models. HUD Secretary Scott Turner said FHA would follow within months. FICO shares plunged 10%+ on the news. Until now, GSEs relied almost exclusively on older FICO models, giving FICO monopolistic control over mortgage financing access. This dominance recently prompted Senator Josh Hawley to investigate FICO's pricing practices. VantageScore costs $0.99 versus FICO's $4.95-$10 plus fees, and uses alternative data like rent payments to score borrowers. We believe this announcement will heavily expand mortgage access, with millions previously excluded by traditional scoring and high costs. This announcement poses a massive headwind for FICO, breaking its monopoly and introducing intense pricing competition unseen in decades. We're watching FICO's April 28 earnings call for management's response.
$FICO
Asia
Emerald Resources Posts Higher Gold Production in March Quarter
Emerald Resources' (ASX:EMR) Okvau gold mine operations in Cambodia recorded March quarter gold production of 26,300 ounces at an all-in sustaining cost (AISC) of $897 per ounce, according to a Thursday filing with the Australian bourse.The mine produced 19,100 ounces of gold in the March 2025 quarter at an AISC of $1,321 per ounce, an earlier filing showed.The company posted March quarter gold sales of 26,300 ounces at an average gold price of $4,875 per ounce.Gold sales in March 2025 was 26,300 ounces at an average gold price of $2,861 per ounce.The company reaffirmed its fiscal 2026 production guidance of 105,000 to 120,000 ounces, with output expected at the lower end of range, at an AISC that is in line with life-of-mine estimates of roughly $966 per ounce, the filing said.Shares fell nearly 1% in morning trade Thursday.
$ASX:EMR
Asia
NexGen Energy Expands Uranium Subdomain Within Canada Mineralized Zone
NexGen Energy (ASX:NXG) expanded the high-grade uranium subdomain within the mineralized zone at Patterson Corridor East in Canada following its winter drill program, according to a Thursday filing with the Australian bourse.The subdomain has grown to 550 meters in vertical extent and strike length of 210 meters, with hole RK-26-280c1 returning cumulative 4.2 meters of over 10,000 counts per second, including 0.6 meters of over 61,000 counts per second at 834 meters below surface, the filing said.Summer drilling covering about 29,200 meters will start in May, per the filing.
$ASX:NXG