Black Knight awarded $155.2M in PennyMac trade secrets lawsuit

PennyMac is putting a positive spin on the arbitrator’s ruling, saying the decision allows it to continue to use the disputed loan servicing software “free and clear of any restrictions.” Continue reading

Pennymac lays off 236 workers after upping tech, marketing investments

The layoffs come as Pennymac ups its investment in technology and marketing to help it do more business directly with consumers and mortgage brokers. Continue reading