TITLE

Where Was FICO?

AUTHOR(S)
Maiello, Michael
PUB. DATE
September 2007
SOURCE
Forbes Asia;9/17/2007, Vol. 3 Issue 15, p119
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article assesses the impact of the subprime mortgage crisis on Fair Isaac Corp. The company is known for its FICO algorithm, which is used for scoring people on credit worthiness. A FICO became as generic a name in credit ratings as Bic in ballpoint or Kleenex in tissues. Over the past decade this Minneapolis firm's earnings quintupled to $100 million on $825 million in revenue. The company was blamed for the crisis because its scores did not deliver the predictive power that was expected of them.
ACCESSION #
26971546

 

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