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

Companies like Guild Mortgage, Union Home Mortgage, American Pacific Mortgage and Go Mortgage have been expanding their footprint during a time of great upheaval.

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.

As one of the latest examples of consolidation in the industry, the acquisition is notable in that it aims to preserve the availability of lending resources for both parent companies' customers.

But the company expects positive margins in the first quarter from Bay Equity Home Loans and increased cross-sell capture from real estate agents.

Long-time company veteran Joe Tyrrell is leaving and will be replaced on March 1 by Timothy Bowler, the president of ICE Benchmark Administration.

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

Executives at the company said building special-servicing capacity will help the company brace itself for a potential change in the credit cycle.

The publicly traded acquirer is looking to grow market share by selectively purchasing companies to beef up its influence in certain regions.

In just the first few weeks of the year at least 10 transactions have taken place.