Borrowers File RICO, Conspiracy Class Action Against Wholesale Mortgage Lender

(April 12, 2024, 9:57 AM EDT) -- DETROIT — Four homeowners allege in a class action filed in a federal court in Michigan that the nation’s largest wholesale mortgage broker, its CEO and several affiliated companies have participated in a “deliberate scheme, in coordination with a host of corrupted mortgage brokers, to cheat hundreds of thousands of borrowers out of billions of dollars in excess fees and costs that they paid to finance their homes.”...