FICO, a provider of analytics and decision management technology, has announced new and troubling findings uncovered in the latest analysis offered by its subscription service for businesses, FICO Score Trends. Reversing a long historic trend, mortgage default risk for consumers with high FICO scores now exceeds their credit card default risk, even though most credit cards are unsecured credit and mortgages are secured by real estate. The company observed a parallel rise in mortgage delinquencies for higher-scoring U.S. consumers.Read more
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