Mortgage lender United Wholesale sued by consumers alleging billions in excess fees [Reuters]
UWM Holdings Corporation Class A (UWMC)
Company Research
Source: Reuters
brokers to push home-buyers into expensive mortgages, costing them billions of dollars in excess fees. Four residents of North Carolina, Florida and Tennessee filed the lawsuit , opens new tab in federal court in Detroit against UWM Holdings (UWMC.N) , opens new tab and related entities, including United Wholesale. The lawsuit alleged that UWM engaged in a mortgage loan “steering enterprise” with "captive" brokers in violation of federal racketeering laws and other provisions. The complaint said hundreds of thousands of mortgage loans are at issue nationwide. Pontiac, Michigan-based United Wholesale, which bills itself as the country's largest home mortgage lender, on Wednesday in a statement called the lawsuit a "sham" and said it will "defend these allegations to the fullest extent permitted by law." Details of the alleged mortgage-lending fraud scheme were first published on Tuesday by startup Hunterbrook Media, which is affiliated with the hedge fund Hunterbrook Capital. T
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UWMC
News
- Levi & Korsinsky Reminds UWM Holdings Corporation Investors of the Ongoing Investigation into Potential Violations of Securities Laws - UWMCAccesswire
- UWM Holdings Corporation (UWMC) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- UWM Holdings Corporation Announces Q1 2024 Earnings Conference CallBusiness Wire
- UWMC ACTIVE INVESTIGATION: Contact Levi & Korsinsky if you Lost Money on your UWM Holdings Corporation InvestmentAccesswire
- UWMC ALERT- Levi & Korsinsky Has Commenced an Investigation on Behalf of UWM Holdings Corporation Shareholders Who Lost MoneyAccesswire
UWMC
Earnings
- 2/28/24 - Miss
UWMC
Analyst Actions
- 4/9/24 - Keefe, Bruyette & Woods
UWMC
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- UWMC's page on the SEC website