Rocket Homes Accused of Illegal Kickbacks in Mortgage Scheme

Reported 1 day ago

The Consumer Financial Protection Bureau accused Rocket Homes, a subsidiary of Rocket Companies, and The Jason Mitchell Group of engaging in an illegal kickback scheme to direct mortgage applications to Rocket. The allegations state that real estate brokerages received incentives to favor Rocket's services, which the CFPB claims hampers competition and raises housing costs. Rocket Homes has dismissed these claims as unfounded and plans to contest the lawsuit.

Source: YAHOO

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