ICE and Black Knight, two major players in the mortgage industry, have recently announced an agreement with the Federal Trade Commission (FTC) for their $11.7 billion merger deal to proceed. This news follows months of FTC litigation after antitrust concerns were raised about the merger.
Black Knight is known for its market-leading software and analytics solutions, while ICE is the owner of important mortgage technology related to the mortgage origination process. These organizations have come together to create a powerful force in mortgage technology and analytics. The new entity will be well-positioned to provide a combination of expertise and products that can bring new efficiencies and cost savings to the mortgage industry.
Key Points:
• ICE and Black Knight recently came to an agreement with the FTC allowing them to proceed with a $11.7 billion merger
• Antitrust concerns were raised by the FTC in spite of the merger
• Black Knight is known for its software and analytics solutions
• ICE owns important mortgage technology related to the origination process
• The new joint venture is a powerful force in mortgage technology and analytics
• The new organization will bring new efficiencies and cost savings to the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/ice-black-knight-merger-deal-to-close-september-5/(subscription required)
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