The U.S. Department of Justice lawsuit claims Rocket Mortgage discriminated against a Black homeowner by undervaluing her property in an appraisal based on her race.
Rocket Mortgage alleges that the government's actions reflect a misunderstanding of their operational procedures, asserting that federal law mandates independence in the appraisal process.
Assistant Attorney General Kristen Clarke emphasized the lawsuit is part of efforts to end appraisal bias that hinders communities of color from accessing critical homeownership opportunities.
The government’s move is described by Rocket Mortgage as a tactic to leverage their market prominence, with the lender aiming to address claims of overreach.
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