Feds accuse Rocket Homes of providing kickbacks to real estate ...
2 days ago · The Consumer Financial Protection Bureau says Rocket Homes required brokers to steer homebuyers to the company’s sister firm, Rocket Mortgage, providing referrals of new customers in exchange. This type of arrangement is illegal under federal law because it encourages brokers to exploit consumers who rely on them, the lawsuit claims.
Rocket Homes accused of illegal kickback scheme by government …
3 days ago · The top U.S. watchdog agency for consumer finance on Monday accused Rocket Homes, a unit of Rocket Companies, and The Jason Mitchell Group real estate brokerages of an illegal kickback scheme to ...
CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer …
4 days ago · WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued Rocket Homes to stop them from providing incentives to real estate brokers and agents in exchange for steering homebuyers to Rocket Mortgage, LLC for loans. The CFPB also sued Jason Mitchell, his real estate brokerage firm, JMG Holding Partners LLC, which does …
Rocket Homes sued by CFPB over alleged broker kickbacks
2 days ago · The Consumer Financial Protection Bureau (CFPB) on Monday sued Rocket Homes Real Estate LLC — part of Detroit-based Rocket Companies Inc. (NYSE: RKT) — in federal court in Detroit.
U.S. Consumer Regulator Sues Rocket Homes For Illegal Kickback …
2 days ago · (RTTNews) - The U.S. Consumer Financial Protection Bureau or CFPB has filed a lawsuit against Rocket Homes Real Estate, LLC, affiliated to Rocket Companies, Inc., as well as the Jason Mitchell ...
CFPB Sues Rocket Homes Over Alleged Kickback Scheme - MSN
Rocket Homes called the CFPB’s allegations false and a distortion of reality. “The accusation that homebuyers paid more when working with Rocket Homes is a lie,” the company said.
CFPB sues Rocket, The Jason Mitchell Group over RESPA violations
3 days ago · According to the lawsuit, Rocket Homes operates a large referral network matching potential homebuyers with real estate brokerage firms, which pays a referral fee to Rocket, typically calculated ...
Feds sue Arizona real estate brokerage and Rocket Homes, …
3 days ago · Real estate news: Do you need to hire ... “The notion that Rocket Homes penalized real estate brokers or agents for helping clients compare rates and choose the best lender for them is also a lie."
Rocket Homes gave kickbacks to realtors for homeowner
3 days ago · For example, the CFPB said The Jason Mitchell Group gave $250 gift cards to agents that made the most referrals to its favored partners: Rocket Mortgage and Amrock, a Rocket Homes-affiliate that ...
CFPB sues Rocket Homes, brokerage over kickback scheme
3 days ago · The Consumer Financial Protection Bureau is accusing Rocket Homes, the real estate arm of Rocket Companies, of initiating a kickback scheme between itself and The Mitchell Group, a real estate brokerage, to boost origination business. In a complaint filed Monday, the watchdog claims Rocket Homes ...