Rocket Mortgage Is Being Sued By DOJ For Lowballing Appraisal Values On Homes Owned By Black People Detroit-based Rocket Mortgage is being sued again by the Department of Justice. The DOJ claims the firm engaged in discriminatory practices. A Black homeowner’s mortgage refinance application was canceled by Rocket Mortgage. She claims they canceled it after […]
Racist Florida Home Appraiser Busted Undervaluing Mixed Race Family’s Home By $135,000 Abena and Alex Horton are accusing a racist Florida home appraiser of purposely undervaluing their home in Jacksonville, Florida. The appraiser appraised the home in June for $330,000. The home appraised for significantly lower than other homes in the area. the homes in […]
African-American Households In Chicago Lost Billions Of Dollars Due To Predatory Lending Contracts African-American families in Chicago lost between $3 billion and $4 billion in wealth because of predatory lending contracts during the 1950s and 1960s. African Americans used lending contracts or Land Contracts during the Jim Crow Era because white-owned banks would not lend […]
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