In recent industry news, Rocket Mortgage, a Detroit-based lender, is facing legal action from a regulator for alleged discriminatory practices in a home appraisal. The U.S. Department of Justice has filed a lawsuit against Rocket Mortgage, accusing the lender of undervaluing a Black homeowner’s property in Colorado three years ago. Rocket Mortgage has denounced these claims as a “massive overreach”, further escalating the legal dispute.
Key elements of the text include:
– Rocket Mortgage facing legal action for alleged discrimination in a home appraisal in Colorado
– U.S. Department of Justice filing a lawsuit against the Detroit-based lender
– Rocket Mortgage denying the accusations and referring to them as an overreach
– Previous involvement of the U.S. Department of Housing and Urban Development (HUD) in the case.
You can read this full article at: https://www.housingwire.com/articles/doj-sues-rocket-appraisal-companies-over-alleged-discrimination/(subscription required)
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