The fight between Compass, the country’s largest brokerage, and Zillow, its largest listing portal, has been covered as a corporate turf war — dueling lawsuits, a judge in Chicago ordering tens of thousands of listings restored, executives trading accusations. A two-day federal hearing wrapped in Chicago on July 2, with post-hearing briefs due July 9 and a ruling to follow. That framing is comfortable, and it misses what is actually at stake: the integrity of the data the mortgage system uses to price homes and the loans against them.

Here is the part the turf-war coverage skips

When details ⇒

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