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Benzinga
Benzinga
National
Adam Eckert

Rocket Mortgage Files Suit Against US Department Of Housing And Urban Development: 'We Will Not Stand Idly By'

Rocket Companies Inc (NYSE:RKT) has filed suit against the United States Department of Housing and Urban Development (HUD) related to regulations involving independent licensed appraisers.

What Happened: Rocket Companies’ Rocket Mortgage is suing HUD in an effort to correct conflicts between the government’s regulations requiring appraiser independence and its enforcement actions seeking to hold lenders liable for the conduct of independent licensed appraisers.

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