Dismissal Recommended In Class Suit Accusing Mortgage Lender Of Restraining Trade

(February 12, 2024, 1:32 PM EST) -- JACKSONVILLE, Fla. — A federal magistrate judge in Florida issued a report and recommendation stating that all claims in a putative class complaint accusing a wholesale mortgage lender of violating the Sherman Act by refusing to do business with mortgage brokers who also do business with two other lenders should be dismissed, finding in part that there was no showing that there was “harm to competition within the overall mortgage market or the wholesale retail mortgage market.”...