For the second time since late last year, the parent of United Wholesale Mortgage has reached a settlement with government authorities. The latest action was due to interest overcharges.
On Dec. 28, 2016, the Department of Justice announced a $48 million settlement with United Wholesale-parent United Shore Financial Services LLC.
The lender was accused of violating the False Claims Act by pressuring and compensating underwriters to approve loans insured by the Federal Housing Administration.
Source: Mortgage Daily
