Estimated reading time: 0 minutes, 17 seconds

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.

Read 1556 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.