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CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

CFPB Sues Rocket Homes and Jason Mitchell Group Over Alleged Steering and Illegal Kickbacks

by Phil Hall | Dec 24, 2024 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Rocket Homes, an affiliate of Rocket Companies Inc. (NYSE: RKT), that accuses the company of providing incentives to real estate brokers and agents in exchange for steering homebuyers to...
CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme

CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme

by Phil Hall | Aug 17, 2023 | Current News & Events, Industry Updates, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million fine against Freedom Mortgage Corp., accusing the Boca Raton, Florida-based lender of providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals. The...

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