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UWM sues second broker for breaching controversial ‘All In’ ultimatum
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Nonbank Financial
Tuesday, February 6, 2024
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United Wholesale Mortgage (UWM) initiated its second legal action in as many months against a lender for alleged breach of contract for submitting mortgages to competitors whose business models the wholesaler deems harmful to mortgage brokers. UWM’s policy has raised both legal and ethical questions among industry insiders.
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