'Justice Department Sues Rocket Mortgage, Appraisal Management Company and Appraiser for Race Discrimination in Mortgage Refinance Application' - US DOJ
Portfolio Pulse from Benzinga Newsdesk
The US Department of Justice has filed a lawsuit against Rocket Mortgage, an appraisal management company, and an appraiser for alleged racial discrimination in a mortgage refinance application. The lawsuit claims that the appraisal process was biased against a Black homeowner, resulting in a lower property valuation.
October 21, 2024 | 8:05 pm
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Rocket Mortgage is being sued by the DOJ for alleged racial discrimination in a mortgage refinance application. This legal action could impact the company's reputation and financials.
The lawsuit directly targets Rocket Mortgage, alleging racial discrimination, which could harm its reputation and lead to financial penalties. This is likely to negatively impact the stock price in the short term.
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