The US Department of Housing and Urban Development (HUD) has alleged that Rocket Mortgage, along with other entities, engaged in discriminatory practices by providing a biased valuation of a property owned by a Black homeowner, leading to the denial of a refinance loan. This accusation shines a spotlight on ongoing issues surrounding racial bias and discrimination in the mortgage industry.
Key points:
– HUD has accused Rocket Mortgage and other parties of issuing a biased valuation
– Denial of refinance loan to a Black homeowner
– Allegations highlight concerns about racial bias and discrimination in the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/hud-accuses-rocket-appraisal-companies-of-discrimination/(subscription required)
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