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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.


Black KnightThe misuse found by the arbitrator involved PennyMac’s Servicing Systems Environment.

ICE acquired Black Knight in September.

Read the full article from FinTech Global.

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