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Rocket Mortgage has faced other legal activity over the last year. In June, HUD charged the lender, two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver.The Department of Justice followed suit in October.
This finding indicates that we cannot reject the role historic discrimination has played in the evaluation of homevalues. NOTE: Please scroll down to read the other topics in this long blog post on Mortgageappraisal reviews, AI and ChatGPT, freddie and fannie mortgage forecast, unusual homes, mortgage origination stats, etc == $2.8M
October 21, 2024, alleging racial discrimination in a January 2021 Colorado incident where a Black homeowner’s home was undervalued based on her race. After the homeowner raised concerns of discrimination, Rocket Mortgage canceled the refinance.
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