Prof G Markets · Friday, October 2, 2026
Steve Eisman explains his short position on FICO, citing the company's aggressive price increases (1600%) as angering the mortgage ecosystem. He believes FICO's long-standing monopoly is threatened by the rise of VantageScore, particularly after Rocket Mortgage announced its shift to using VantageScore exclusively.
“The FICO score is you'll either get a mortgage or you won't get a mortgage. And that's basically the mortgage system. And FICO has had a monopoly on this. Forever.”
“well like as long basically as long as it has existed and the company got very very greedy you know they in the in the past they didn't charge that much for the service and over the past five years they raised prices get this 1 600 i'll say that again they raised prices 1 600 that's a lot of percent”
“So the stock's down, I think almost 20%, was down to almost 20% before the market opened. Um, I mean, basically what's the, the short thesis is you had a monopoly and you're not going to have a monopoly.”