Rocket Mortgage Sues HUD to Dismiss Discrimination Allegations [Yahoo! Finance Canada]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance Canada
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
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- Today's Mortgage Rates | The Fed Made a Cut. Mortgage Rates Went Up Anyway. [Business Insider]Business Insider
- Rocket Companies, Inc. (NYSE: RKT) had its price target lowered by analysts at Morgan Stanley from $16.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Today's Mortgage Rates | Rates Tick Up As Fed Signals Fewer Cuts in 2025 [Business Insider]Business Insider
- The Fed might make fewer cuts in 2025. What does that mean for mortgage rates? [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Steady Ahead of Fed Announcement [Business Insider]Business Insider
RKT
Earnings
- 11/12/24 - Miss
RKT
Sec Filings
- 12/16/24 - Form 8-K
- 12/3/24 - Form 8-K
- 11/14/24 - Form SC
- RKT's page on the SEC website