CFPB Sues Rocket Homes And Real Estate Brokerage Over Kickback Scheme Rocket Homes remains defiant. Like usual, they are denying the allegations and calling them a distortion of reality. The CFPB said on Monday that it has sued Rocket over alleged violations of the Real Estate Settlement Procedures Act (RESPA), to include illegal kickbacks and […]
Rocket Mortgage Raises 2023 Conforming Loan Limits For Brokers In Gambit To Prop Up Origination Numbers The wholesale arm of Rocket Mortgage raises 2023 loan limits for brokers. Rocket Mortgage raised loan limits to $715,000 effective on Tuesday. This is a sign that they are confident the maximum loan limit set by the federal government will rise […]
Rocket Companies Says Profits For Rocket Mortgage Plunged In Second Quarter. CEO Threatens Layoffs If Things Don’t Improve Rocket Companies, the Rocket Mortgage say the mortgage company’s profits plunged in the second quarter. They claim this is due to rising interest rates and inflation. Therefore, this is dampening consumer confidence and concerns over a possible […]
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