The misuse found by the arbitrator involved PennyMac’s Servicing Systems Environment.
ICE acquired Black Knight in September.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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ICE Wins $155M From PennyMac in Mortgage Tech Dispute
An arbitrator has ruled that PennyMac must pay Intercontinental Exchange an award totaling more than $155 million for the unauthorized use of confidential information from ICE-owned Black Knight. So reports FinTech Global.
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