ICE Deal for Black Knight to Proceed As FTC Drops Challenge (1)

Intercontinental Exchange Inc. can move forward with its takeover of Black Knight Inc. after the US Federal Trade Commission accepted a binding settlement that will see key mortgage software products sold to rival Constellation Software Inc.

FTC commissioners voted to accept the settlement Thursday, the agency said in a release. Under the agreement, the companies will divest Black Knight’s Empower loan origination software and its Optimal Blue business to Toronto-based Constellation. Optimal Blue is the most widely used software for identifying and securing loan rates, used by lender for about 40% of the residential mortgages originated in the US each ...