NYSE:RKTDiversified Financial
Lawsuit Over Loan Steering Puts Rocket Companies Business Model In Focus
A consumer class action lawsuit has been filed against Rocket Companies (NYSE:RKT), alleging illegal steering of homebuyers to Rocket Mortgage.
The suit claims borrowers were directed toward Rocket's mortgage products under disadvantageous loan terms.
Plaintiffs argue the conduct violated fair lending standards and harmed consumers seeking home financing.
Rocket Companies, the parent of Rocket Mortgage, focuses on digital mortgage origination and related financial services. For investors...