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Judge narrows class-action lawsuit against UWM, dismisses RICO claims

A federal judge has sharply narrowed the scope of a class-action lawsuit filed in April 2024 alleging that United Wholesale Mortgage (UWM) orchestrated a scheme with mortgage brokers to charge borrowers excess fees and costs.

Plaintiffs Therisa D. Escue, Billy R. Escue, Kim Schelble and Brian P. Weatherill — each of whom obtained a mortgage through UWM within the past four years — filed the lawsuit in a Michigan district court. They claim violations of the Racketeer Influenced and Corruption Organization Act (RICO) and the Real Estate Settlement Procedures Act (RESPA), among other allegations. 

The plaintiffs argued that UWM details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com

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