The agreement comes on heels of Lower's acquisitions of Neat Labs and Movoto — and takes place as mortgage lenders look to real estate brokerages to win more homebuyers
The FTC and Department of Justice are expected to scrutinize the impacts of the deal — which would give the merged companies a combined market share of 18 percent
Settlement agreement ends proxy fight that broke out in February after loanDepot founder Anthony Hsieh was ousted as company's executive chairman