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Consumer class action accuses United Wholesale Mortgage of scheming with brokers to push home-buyers into expensive mortgages, costing them billions of dollars in excess fees The lawsuit calls UWM a "steering enterprise" https://t.co/5CTL13JoV4
Mortgage lender United Wholesale sued by consumers alleging billions in excess fees https://t.co/DzZX1bzNUY https://t.co/VqChqCzXBt
United Wholesale Mortgage was hit with a proposed consumer class action in US court accusing it of scheming with brokers to push home-buyers into expensive mortgages, costing them billions of dollars in excess fees https://t.co/IBLTtjZ5e0 @MikeScarcella https://t.co/yvcXFkoJio
United Wholesale Mortgage (UWM), under the ownership of Suns owner Matt Ishbia, is facing a proposed consumer class action lawsuit in the US. The lawsuit accuses UWM of collaborating with brokers to push home-buyers into expensive mortgages, resulting in billions of dollars in excess fees for the consumers. The lawsuit refers to UWM as a "steering enterprise". This case is part of a broader scrutiny on the mortgage industry, as evidenced by a separate antitrust case filed by homebuyer and homeseller Hao Zhe Wang, which alleges illegal tying of services by MLS and broker services.
