UWM sues broker shop for sending loans to Rocket, Fairway
Housing Wire
FEBRUARY 4, 2022
United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. UWM filed a lawsuit in Michigan federal court late Thursday that claims America’s MoneyLine , a high-volume mortgage brokerage based in Southern California, owes it $2.8 million for repeatedly violating the terms of the agreement.
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