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-0.0018580453363061 -0.00148643626904493 -0.00111482720178363 -0.00111482720178363 -0.0052025269416574 -0.0052025269416574 0.00148643626904506 0.000371609067261299
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Rocket Mortgage Sues HUD to Dismiss Discrimination Allegations [Yahoo! Finance Canada]

Rocket Companies, Inc. Class A (RKT) 
Most Read from Bloomberg The nation's largest retail mortgage lender is asking a federal court in a lawsuit to fix “conflicting” regulatory mandates that require mortgage providers to use and oversee independent appraisers but keep hands off the results, Rocket Mortgage said Thursday in a statement. The company, a unit of Detroit-based Rocket Cos., sued the US Department of Housing and Urban Development and asked the court to rule that lenders aren't liable for the actions of appraisal firms. HUD in July alleged that Rocket Mortgage and several appraisal companies undervalued the property of a Denver-area homeowner because she was Black, according to the agency's administrative action. The agency cited faulty data and “inexplicably large adjustments” that exceeded Rocket Mortgage's own standards and missed on review. The US Department of Justice in October followed with its own discrimination suit against the companies, saying it wants to “bring an end to appraisal bias which Show less Read more
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