Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbo

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

Mortgage

Report: NAR pushes FTC to block Zillow, Trulia deal

New York Post source cites anti-competitive worries

The National Association of Realtors wants the Federal Trade Commission to block the $3.5 billion merger of Zillow (Z) and Trulia (TRLA), according to an article in the New York Post.

According to a source in the NYP, “People are grumbling about the merger. They are arguing there are only three” so there should not be further consolidation.

The two companies will remain separate entities, though real estate agents will be able to advertise on both sites and gain access to combined tech efforts.

Together, Trulia and Zillow’s 84.6 million unique visitors in May 2014 account for twice the number of unique visitors as the next three real estate websites put together, according to the Beyond Syndication 2014 report from Clareity Consulting.

The deal has already struck a cord with some people in the industry.

While most mainstream Wall Street analysts are generally positive on the pending $3.5 billion Zillow acquisition of Trulia, skeptics of both the operational and valuation elements of the companies and the deal continue to raise questions.

Meanwhile, there are companies like Realogy Holdings (RLGY), which is projected to receive a boost in business due to the major acquisition. 

Most Popular Articles

Mortgage forbearance drops to 4.36%, exits pick up steam

The downward trend of borrowers in forbearance picked up speed in the last week of April, falling 11 basis points to 4.36% of servicers’ portfolio volume.

May 10, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please