Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms are disadvantageous to the clients.” The suit was filed in the U.S. District Court for the Eastern District of Michigan. The plaintiffs are…
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Transparency is sweeping the housing industry with everyone from trade associations and brokerage leaders to agents and consumers claiming they want more transparency in the home buying and selling process. For agents looking to up their commitment to transparency, Housing Rebel by Selling Later, a group created by Consumer Policy Center (CPC) fellow Wendy Glich,…
The Department of Housing and Urban Development (HUD) has ordered public housing authorities and property owners participating in federal housing programs to verify tenant eligibility as it relates issues including undocumented immigration. HUD Secretary Scott Turner said the directive is part of a broader effort to review eligibility and compliance in HUD-assisted housing. “We will…
The Jason Mitchell Group (JMG) said it has added mortgage brokerage LitFinancial to its network of business-to-business partners. LitFinancial was founded in 2024 and has closed more than $1 billion in client volume since launching — providing mortgage services and working with homebuyers nationwide. “JMG is proud to partner with LitFinancial, who provide a world-class…