Congresswoman Expresses Concerns About ICE-Black Knight Merger

Congresswoman Expresses Concerns About ICE-Black Knight Merger

ByTMN Editor Reading Time: 2 minutes

By KIMBERLEY HAAS As officials at the Federal Trade Commission continue to review the proposed acquisition of Black Knight by Intercontinental Exchange, the top Democrat on the House Financial Services Committee is reiterating her concerns about the merger. U.S. Rep. Maxine Waters (D-CA) has said the two companies play a dominant role in the technology…

IMB Profits Dropped In Q4

IMB Profits Dropped In Q4

ByTMN Editor Reading Time: 2 minutes

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks made $1,099 on each originated loan in Q4 2021, dropping from Q3’s $2,594, according to the Mortgage Bankers Association’s (MBA) Quarterly Mortgage Bankers Performance Report. More than three-fourths (76%) of firms analyzed made a net profit in Q4, especially firms with servicing operations. Those benefited…

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