Hunterbrook Media accuses United Wholesale Mortgage of misleading customers, while UWM denies the allegations.
Hunterbrook Media, a hedge fund and news outlet founded by Harvard graduates, has claimed that United Wholesale Mortgage (UWM), the country's largest mortgage lender, misled customers by suggesting independent brokers shop around for the best deals, when in reality, these brokers push 99% of their business to UWM. Hunterbrook Media has taken a short position on UWM and a long position on its main rival, Rocket Mortgage. UWM has denied the allegations and called the lawsuit a "sham".
April 03, 2024
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