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US accuses Rocket Homes of 'illegal kickbacks' in mortgage scheme
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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."

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