made the case for the deal to FCC Commissioner Jessica Rosenworcel.

In February, a group of eight Democratic senators and independent Senator Bernie Sanders urged the Justice Department and FCC to reject the deal, saying it could boost monthly bills as much as 10 percent.

Sources told Reuters last week that the Justice Department had concerns about the merger’s current structure. Legere met last week with the head of the Justice Department’s antitrust division, Makan Delrahim, as the government’s review nears a conclusion, Reuters reported. A decision is likely by early June, people briefed on the matter said.

In October, shareholders for both companies approved the deal, struck in April 2018. It has also received national security clearance, but still needs approval from the Justice Department and FCC. A number ofRegions advance money to independent mortgage lenders, known as originators, who fund loans to home buyers. Under the typical warehouse loan agreement, the warehouse lender wires the funds requested by the originator to a closing agent or attorney who is instructed to disburse the funds to the home buyer. The original note signed by the home buyer serves as collateral for the loan, and the warehouse lender maintains a security interest in the property purchased with the loan. In order to pay off its debt with the warehouse lender, the originator sells the loan to a third party investor at a premium.


4
On August 25, 1998, Provident entered into a warehouse loan agreement with Morningstar [hereinafter Provident Warehouse Line]. Morningstar agreed to use the money lent to it by