Black Knight

In a letter to the Federal Trade Commission, the California Democrat said assurances were needed from the potential combined company to ensure the buyer of divested assets would not be dependent on the "conglomerate" to offer fully functioning products.

But its mortgage business remains a money loser, and it wasn't a great period for the acquisition target either.

The hedge fund added a new small long position in the mortgage software company, according to a copy of its quarterly letter seen by Bloomberg.

The agency voted 4-0 to file the complaint in the agency's in-house court.

As many had predicted, the federal regulator will be seeking to halt the acquisition by Intercontinental Exchange, according to a report from Politico.

New starts increased for the fourth month in a row, but are still below pre-pandemic numbers, according to Black Knight's preliminary figures.

The company reportedly hired Truist to broker the loan origination system, which observers have been saying all along would have to happen.

Mortgage prepayment rates also fell to a new low for the third consecutive month in December, according to Black Knight.

Foreclosure starts also increased by over 19% between October and November but remain below pre-pandemic levels.

The pending merger of Black Knight and ICE threatens to create a monopoly not unlike Ticketmaster, writes the chief executive officer of Figure Technologies.

Leaders of its parent company touted the success of subscription models and also made a case for its proposed merger with Black Knight in an earnings call

Higher rates are also affecting the share of loans that actually go all the way to closing, Black Knight found.

While rate and term refinancings had the largest drop in volume, credit scores for cash-outs are 33 points lower than one year prior, indicating that these borrowers need financial liquidity, a Black Knight report found.

Mortgage Cadence, the No. 3 loan origination system provider, believes it will pick up market share among nonbanks if the deal between the two heavyweight entities goes through.

Intercontinental Exchange Inc. is tapping the investment-grade market with a bond sale in as many as six parts to help finance its acquisition of the fintech.

Private equity firms have been weighing bids for the tech provider, according to people familiar with the matter.

Optimal Blue researchers found correlations of 75% or more when looking at numbers of different loan-size cohorts, but the percentages came in lower when state data was analyzed.

The platform, built off a recent acquisition, looks to create efficiency in the growing wholesale lending market.

The company's expanded portfolio through its acquisition spree drove revenue, representatives said.

However, 8% fewer borrowers are still in a plan compared with a month ago, Black Knight said.