United Wholesale Mortgage (UWM) grabbed another win this week in a challenge to its “All-In” initiative after a federal appeals court ruled against Florida-based Okavage Group.
Since 2021, UWM and Okavage Group have been engaged in a legal tango. Okavage filed an antitrust lawsuit against UWM over the lender’s ultimatum that prohibits mortgage brokers from working with competitors Rocket Mortgage and Fairway Independent Mortgage Corp.
Following the ultimatum, Fairway exited the wholesale channel.
According to court filings, the brokerage, led by Dan O’Kavage, refused to sign the agreement, saying that Rocket and Fairway frequently provided better deals details ⇒
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