General World News

UWM moves to dismiss steering claims, cites benefit to ‘market speculators’

United Wholesale Mortgage (UWM) is fighting back against a group of borrowers who filed a class-action lawsuit in April that accuses the lender of structuring a “corrupt” scheme with brokers to steer loans.

On Friday, the top U.S. mortgage lender filed a motion to dismiss the case with prejudice in a district court in Michigan, stating that the suit “reflects an unprecedented and coordinated effort to smear” the defendants and “benefit market speculators.”

That’s because the case followed a Hunterbrook Media report indicating that UWM pressures brokers to send loans details ⇒

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