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

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. In a 2019 lawsuit, Black Knight accused Pennymac of copy
Read MoreHow technology can help mortgage lenders combat repurchase risk

When individual mortgages are originated by lenders like banks or credit unions, they maybundle groups of these mortgages together into financial vehicles called mortgage-backedsecurities (MBS) that are then sold to investors on a secondary market. This allows investors to gain exposure and returns
Read MoreLooking To Borrow Even More For A House? Mortgage Loan Limits Are About To Increase In 2024

If you had your eye on a house or neighborhood in a certain price point but weren’t able to borrow enough for a loan, your luck may change in 2024.
Read MorePromising signs abound for 2024 housing market

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market.New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into Novembe
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