FTC issues consent order for mortgage providers ICE-Black Knight Deal

The Federal Trade Commission (FTC) has published a consent order relating to antitrust concerns arising from the Intercontinental Exchange (ICE) acquisition of Black Knight (BK). The FTC has allowed the deal to pass through, however, with a modification to the transaction viz. BK’s ‘Optimal Blue’ and ‘Empower businesses’, which provide critical services in the mortgage origination process, were divested to Constellation Web Solutions – a provider of mortgage-related tools & software.