Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
A new wrinkle in the NAR settlement, a Trump-hating Airbnb host and an upcoming 24-hour stock exchange. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 25-29. Miss: The Neverending Story? The $418 million settlement by...
The $418 million settlement by the National Association of Realtors (NAR) of the Sitzer/Burnett case received its final approval in federal court. The New York Times reported Judge Stephen R. Bough of the Western District of Missouri gave his final sign-off on the...
The US Department of Justice (DOJ) filed a Statement of Interest on Sunday ahead of this week’s final hearing of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Burnett case. Real Estate News reported the DOJ’s statement informed the...
Madison, Wisconsin-based Fairway Mortgage Corporation has agreed to a nearly $10 million settlement of redlining charges brought by the Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), with the company claiming the probe into its...