Rocket's Battle With a Wholesale Mortgage Lender Is Escalating
A battle between two of the largest players in the wholesale mortgage space is quickly ratcheting up.
United Wholesale Mortgage Holdings (NYSE: UWMC) said during a recent Facebook Live event that it would no longer work with real estate brokers doing business with Rocket Companies (NYSE: RKT), The Detroit News reported yesterday.
United Wholesale CEO Mat Ishbia called Rocket out for trying to lure real estate agents away from brokers by using incentives. Ishbia also accused Fairway Independent Mortgage of similar practices.
Source Fool.com
