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Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Andrew Hubacker promoted from role as interim principal financial officer.

Housing prices, mortgage rates continue to decline but affordability still an issue.

Townstone Financial & its owner accused of discouraging prospective borrowers.

Calif.-based wholesale lender reportedly closed on Jan. 31.

Available only in certain areas, the funding does not need to be repaid and can be used for upfront costs.