Agrees to pay $40K over allegations it violated its broker contract; UWM had sought $310,000.
A California mortgage brokerage has agreed to settle a lawsuit over claims it violated the controversial “All-In Initiative” imposed by United Wholesale Mortgage (UWM). Mid Valley Funding & Investment Inc. (MVF) has agreed to pay $40,000 to settle the lawsuit, according...
Deal would compensate former employees left unpaid when lender abruptly closed July 6.
Former Sprout Mortgage employees who went unpaid when the lender abruptly closed in July 2022 would each receive $2,500 from a settlement the company agreed to in federal court. Filed June 1, the agreement, which still requires court approval, is the result of four class-ac...
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