The suit alleges that United Wholesale Mortgage continued to call individuals who were on the federal Do Not Call registry or who had requested UWM stop communications.
President Trump's recent statements express support for pushing home prices higher but the administration is also touting that it has driven prices lower.
A 3% monthly increase in securitizations of purchase mortgages bolstered agency issuance in January to $119.95 billion, rising 1.9% on a monthly basis and 21.6% year-over-year.
Industry members in the nonconforming loan space encouraged lenders to be wary of the risks involved in debt service coverage ratio mortgages and residential transition loans. At a recent conference hosted by Information Management Network, they urged attendees to keep an eye on certain key details in the transactions.