UWM's Lawsuit Spree

Discover the latest developments in the mortgage industry as United Wholesale Mortgage (UWM) reaches a settlement with broker shop Mid Valley over the controversial "ultimatum" lawsuit. Mid Valley agrees to pay $40,000 to UWM for allegedly sending loans to competitors Rocket and Fairway. This settlement highlights the changing landscape of mortgage lending and raises questions about broker independence.

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Source: UWM and broker shop Mid Valley settle 'ultimatum' lawsuit

https://www.housingwire.com/articles/uwm-and-broker-shop-mid-valley-settle-ultimatum-lawsuit/#:~:text=The%20lender%20also%20sued%20Californian,mortgage%20loans%20to%20the%20competitors.