DOJ sues Rocket, appraisal companies over alleged discrimination

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice—following a move mad

Down payment assistance programs continue to grow, with an average benefit of $17K

As the year comes to a close, states are adding more down payment assistance (DPA) programs to help first-time buyers achieve homeownership.Down Payment Resource — a national database for connecting prospective homebuyers to financial assistance programs — recently released its newest Homeownership

NAR faces new suit alleging antitrust violations, discrimination

The legal woes continue for the National Association of Realtors (NAR). On Wednesday, Maurice Muhammad — the broker of Progressive Realty — filed a complaint in U.S. District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GL

Judge denies Texas Capital Bank motion for summary judgment in Ginnie Mae dispute

An effort seeking a partial summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire’s Reverse Mortgage Daily (RMD).TCB sought s