Judge Wendy W. Berger dismissed the claims against UWM, stating the plaintiff did not demonstrate that UWM's actions were invitations to collude or against brokers' interests.
UWM's initiative mandates that brokers sign an addendum to not send loans to competitors, which Okavage deemed a violation of antitrust laws, claiming it led to inflated loan costs.
Berger's ruling highlighted that Okavage failed to establish any market power or barriers that UWM's actions created for brokers in the wholesale mortgage market.
Following UWM’s actions. Fairway Independent Mortgage Corp. opted to exit the wholesale channel, illustrating the impact of UWM's controversial All-In initiative on market dynamics.
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