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Based in Detroit Rocket companies was hit Monday with a class action lawsuit accusing one of the nation’s largest mortgage lenders of steering consumers toward its loan products “even though Rocket Mortgage’s terms are disadvantageous to customers.” The charges were filed in the United States District Court for the Eastern District of Michigan. The plaintiffs […]
After the proposal was published, Nikitra Bailey, executive vice president at the National Alliance for Fair Housing (NFHA) testified before Congress about its reasons for opposing the change and has now been released a video on YouTube outlining her concerns. “ECOA became law in 1974 and it prevents banks from denying you a loan or […]
