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Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias

Minnesota AG Sues Realtor Over Alleged Predatory Lending and Anti-Muslim Bias

by Phil Hall | May 15, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Minnesota Attorney General Keith Ellison has filed a lawsuit accusing realtor Chadwick Banken of violating state and federal laws by reportedly selling houses via predatory and illegal contracts for deed and for allegedly discriminating against Muslim homebuyers. The...
Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans

Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans

by Phil Hall | May 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rocket Mortgage LLC, a division of Detroit-headquartered Rocket Companies (NYSE:RKT), has reached a settlement with the U.S. Department of Housing and Urban Development (HUD) to resolve allegations that the company denied a mortgage loan application because the...
CFPB and Justice Department Warn Lenders Against Bias Based on Immigration Status

CFPB and Justice Department Warn Lenders Against Bias Based on Immigration Status

by Phil Hall | Oct 12, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice issued a joint statement reminding financial institutions that credit applicants are protected from discrimination on the basis of their national origin, race, and other characteristics...
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