financetom
Business
financetom
/
Business
/
US accuses Rocket Homes of 'illegal kickbacks' in mortgage scheme
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US accuses Rocket Homes of 'illegal kickbacks' in mortgage scheme
Dec 23, 2024 11:51 AM

Dec 23 (Reuters) - The top U.S. watchdog agency for

consumer finance on Monday accused Rocket Homes, a unit of

Rocket Companies ( RKT ), and a group of real estate brokerages

of an illegal kickback scheme to steer mortgage applications to

Rocket Mortgage.

"Rocket engaged in a kickback scheme that discouraged

homebuyers from comparison shopping and getting the best deal,"

said CFPB Director Rohit Chopra. "At a time when homeownership

feels out of reach for so many, companies should not illegally

block competition in ways that drive up the cost of housing."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved