The US FTC seeks to block the merger of two top mortgage loan technology providers (Intercontinental Exchange / Black Knight)

FTC Acts to Block Deal Combining the Two Top Mortgage Loan Technology Providers* Intercontinental Exchange Inc.’s proposed acquisition of rival Black Knight, Inc. would harm competition and lead to higher costs for lenders and homebuyers The Federal Trade Commission is taking action to block the proposed merger between the nation’s largest provider of home mortgage loan origination systems and other key lender software tools, Intercontinental Exchange, Inc. (ICE), and its top competitor, Black Knight, Inc. The deal would drive up costs, reduce innovation, and reduce lenders’ choices for tools necessary to generate and service mortgages. “For many Americans, buying a home is an important investment toward building financial security,” said