FTC goes to court to stop ICE's $11.7B Black Knight acquisition
Antitrust regulator claims Intercontinental Exchange and Black Knight plan to close the merger deal on April 28 — before an administrative hearing to determine its legality has even begun
by Matt Carter Apr 11
Antitrust regulators move to block ICE's $11.7B Black Knight acquisition
Federal Trade Commission alleges the deal would put an end to intense competition between the companies and drive up costs for lenders and homebuyers
by Matt Carter Mar 10
Black Knight ready to sell Empower to address antitrust concerns
Deal with Constellation Software Inc. hinges on Intercontinental Exchange closing deal to acquire Black Knight, now valued at $11.7B. ICE says it's prepared to fight FTC in court
by Matt Carter Mar 7
FTC prepares to challenge ICE's $13B Black Knight deal: Report
Federal Trade Commission not convinced that Black Knight's plans to spin off its Empower loan origination system allays antitrust concerns, 'Politico' reports
by Matt Carter Feb 27
ICE sees $13B Black Knight merger surviving antitrust concerns
Black Knight is reportedly looking to spin off its Empower loan origination system to placate regulators' antitrust concerns as critics raise market power, data privacy issues
by Matt Carter Feb 15
Regulators fire warning shot over bow of mortgage comparison sites
The Consumer Financial Protection Bureau said operators of mortgage comparison-shopping platforms may be violating RESPA if they manipulate search results to coerce kickbacks
by Matt Carter Feb 7
Conflicts of interest spoil your integrity
Opinion
Today, conflicts of interest make top headline news daily and fuel the wrath of the DOJ and FTC. Greed is at the root of carelessly mixing business lines, which is why Brad Inman says separating ownership is often necessary to avoid conflicts
by Brad Inman Nov 30
US lawmakers demand DOJ probe into RealPage's YieldStar software
Lawmakers in both chambers of Congress have accused RealPage of anticompetitive practices. Calls for an inquiry come a month after a sweeping and critical report into the company
by Jim Dalrymple II Nov 22
Seeking clout, MLS trade group taps ex-DOJ and FTC antitrust lawyers
The Council of Multiple Listing Services has hired Alicia Batts and Dylan Carson to help the trade group exert influence over MLS-related decisions at the antitrust enforcement agencies
'Don't wait until the plane crashes': Lawyers offer grim antitrust update
Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 30
What haunts MLS leaders? Politics, commissions and their own demise
At the Council of Multiple Listing Services' annual conference, CEOs discussed being ready for the possible death of the commission structure and why MLSs should be run as businesses
by Andrea V. Brambila Sep 30
Mortgage relief operation allegedly bilked homeowners out of $6.3M
Los Angeles-based operation allegedly promised to help hundreds of distressed homeowners negotiate with lenders to lower their interest rates, monthly payments or principal amounts
by Matt Carter Sep 20
Opendoor cutting prices in bid to get surplus inventory off books
The iBuying giant dramatically boosted home sales during the second quarter of 2022, generating $4.2B in revenue, but ended up back in the red with $54M in losses
by Matt Carter Aug 4
Zillow and Opendoor team up to provide cash offers to consumers
The partnership pairs 2 of the most polarizing firms in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts
by Jim Dalrymple II Aug 4
FTC fines Opendoor $62M for allegedly 'tricking' consumers
Regulators with the Federal Trade Commission on Monday accused the iBuyer of 'cheating' and 'tricking' consumers. Opendoor disagrees with the allegations but has agreed to settle the case
by Jim Dalrymple II Aug 2