UWM sued over ‘corrupt’ scheme with brokers to steer loans

Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.” The lawsuit was filed on Tuesday in a Michigan district court by Therisa D. Escue, Billy [...]read moreUWM sued over ‘corrupt’ scheme with brokers to steer loans