The O’Kavage Group stated this enterprise tactic was unfair and would hurt each shoppers and the wholesale mortgage market by limiting competitors.
Nonetheless, Choose Wendy Berger of Jacksonville, Fla. District Courtroom, dominated that the plaintiff couldn’t show that UWM’s agreements with brokers have been unlawful.
In her ruling, Choose Berger said, “There are not any factual allegations that the brokers have been predisposed to concerted motion towards a standard improper aim.” She additionally famous that the lawsuit did not show vital stress on brokers to adjust to UWM’s phrases. In consequence, the case was dismissed with out prejudice.
“In reality, plaintiff particularly alleges that defendants didn’t anticipate such a excessive price of acceptance among the many brokers,” she wrote. “There are solely minimal allegations relating to push again on dissenting brokers and no allegations that there was vital stress utilized between brokers to simply accept the settlement.”
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