CFPB Files Lawsuit to Stop Illegal Kickback Scheme to Steer …
6 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 business as The Jason Mitchell Group, and the ...
US accuses Rocket Homes of illegal kickbacks in mortgage scheme
5 days ago · A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S ...
Federal watchdog accuses Rocket Companies' subsidiary of …
5 days ago · Rocket Mortgage, Rocket Homes, and title company Amrock are firms under the corporate umbrella of Dan Gilbert's Rocket Companies. The lawsuit accuses Rocket Homes of violating the Real Estate ...
Feds sue Arizona real estate brokerage and Rocket Homes, …
4 days ago · The Jason Mitchell Group, which the CFBP said operates in 41 states and Washington, D.C., referred thousands of clients to Rocket Mortgage. Arizona taxpayers could get up to $1,400 from the IRS.
CFPB Sues Rocket Homes, Real Estate Brokerage Over Kickback …
5 days ago · In exchange for getting borrowers to go with Rocket Mortgage, Rocket Homes would give brokers and agents "homebuyer referrals and priority for future homebuyer referrals from [its] network," the CFPB states. Real estate agents who made the most referrals to The Mitchell Group’s "favored" partners – which included Rocket Mortgage and title, closing, and escrow services provider Amrock, both ...
CFPB Sues Rocket Homes, Jason Mitchell Group Over Alleged …
5 days ago · Federal regulators filed a lawsuit Monday against Rocket Homes Real Estate and The Jason Mitchell Group (JMG), alleging an illegal referral scheme that steered homebuyers toward specific mortgage ...
Feds accuse Rocket Homes of providing kickbacks to real estate ...
4 days ago · Industry News. December 24, 2024. ... In addition to Rocket Mortgage, the government said brokers were pushed to direct customers to work with Amrock, another Rocket Companies affiliate that provides title, escrow and settlement services to homebuyers. The Jason Mitchell Group offered awards of $250 gift cards to agents who steered the most ...
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Rocket Mortgage Sues HUD Over Its Inclusion in Appraisal Lawsuit
Dec 6, 2024 · Rocket Mortgage, the nation’s largest lender, has sued the U.S. Department of Housing and Urban Development, saying its reputation was sullied by a Justice Department lawsuit over appraisal bias ...
CFPB sues Rocket Homes over kickback scheme | National Mortgage News
5 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 ...
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