General World News

UWM sues broker shop for sending loans to Rocket, Fairway

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. The broker agreement was modified just over a year ago to prevent broker shops from doing business with Rocket and details ⇒

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