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Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac

Housing Wire

In a 2019 lawsuit, Black Knight accused Pennymac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) platform. Black Knight filed a complaint against PennyMac in November 2019 for breaching contracts and misappropriating trade secrets. 28, an arbitrator awarded Black Knight $155.2

Contracts 392
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PennyMac pays $158M to Black Knight in servicing platform dispute

Housing Wire

The dispute between the companies started in 2019 when Black Knight accused PennyMac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) technology. Since we launched the system in 2019, it has performed extremely well, meaningfully enhancing capabilities while helping to drive down costs.

Legal 355
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NRMLA returns to West Coast for 2024 annual reverse mortgage meeting

Housing Wire

In 2019, the event took place in Nashville, in a generally well-regarded and -reviewed annual meeting. The 2019 event inspired the selection of the 2023 venue as Nashville once again hosted NRMLA this past October. Department of Housing and Urban Development (HUD)’s Office of Housing Counseling head.

Mortgage 375
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DOJ and CFPB sue Colony Ridge over predatory lending practices

Housing Wire

Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme and made false statements targeting tens of thousands of Hispanic borrowers in Texas. We look forward to telling the true story of Colony Ridge.”

Lending 411
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Florida affordable housing law that dilutes local power has upset the apple cart

Housing Wire

But some of those local officials are now expressing concern that the provisions of the new law are restricting their ability to more actively participate in development decisions within their communities, according to reporting by WUSF Public Media. “I think the hesitancy comes with the fact that it’s a preemption.

Law 309
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Class Valuation acquires AMC Valuation Connect

Housing Wire

According to Class, the two companies align on important issues, including culture, service, efficiency and technology development. This collaboration will allow us to accelerate the development of cutting-edge appraisal technology and deliver unmatched value.” Combining forces is going to be a win-win for all stakeholders.”

Valuation 374
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Lamacchia Realty’s 2019 & 2020 President’s Club Members Return from Aruba

Lamacchia Realty

The 2019 and 2020 President’s Club groups recently returned from their annual trip to Aruba! Due to the pandemic, the 2019 trip had been postponed and was combined with the 2020 winner’s trip in January 2022. REALTOR®, 2019 and 2020 President's Club, 2020 President's Club ELITE. "We Vice President of Business Development.