TransUnion shares plunge amid mortgage credit scoring competition

TransUnion shares fell 9.0% to $77.31 following a directive from Bill Pulte to have Fannie Mae and Freddie Mac accept VantageScore as an alternative to FICO’s mortgage scoring model. While VantageScore is jointly owned by TransUnion, Equifax, and Experian, investors reacted with skepticism, potentially due to concerns regarding increased price competition and implementation challenges within the mortgage lending market.

Separately, ThredUp executives have engaged in insider selling. Chief Operating Officer Christopher Homer sold 60,230 shares at an average price of $2.58 to cover tax withholding obligations related to equity awards. Similarly, Chief Financial Officer Sean Sobers sold 44,559 shares at an average price of $2.58 for the same purpose. These transactions occurred amid recent quarterly results where ThredUp reported an earnings loss of $0.05 per share.