Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation

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
Read MorePolicy clash: how two housing policies blend to price out millions

It goes with the insanity of today’s U.S. housing affordability crisis that two rights can make a wrong. Two federal policies — each designed to lower the lifetime operating cost of owning a home — can instead combine to raise the barrier to entry so high that millions of households never get throug
Read MoreJason Mitchell Group adds LitFinancial to referral network

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
Read MoreHUD orders housing agencies to verify tenant eligibility

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
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