Mergers & Antitrust Law News

Black Knight Is Mortgage Software Monopoly, PennyMac Says in Suit

Nov. 6, 2019, 6:10 PM

Black Knight Inc. has maintained its stronghold in the mortgage servicing software market by creating barriers for customers to change providers, according to an antitrust suit filed by PennyMac Loan Services, LLC.

“With little true innovation, Black Knight instead relies on various anticompetitive, unfair, and discriminatory practices to maintain and to enhance its dominance,” in the U.S. home loan market, PennyMac said in a Nov. 6 suit filed in the U.S. District Court for the Central District of California.

The suit was filed one day after Black Night sued PennyMac Nov. 5 in a Duval County, Fla. alleging theft of...

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