CFPB Sues Rocket Homes Over Alleged Kickback Scheme

The Consumer Financial Protection Bureau (CFPB) has filed a federal lawsuit against Rocket Homes Real Estate LLC and the Jason Mitchell Group, alleging violations of the Real Estate Settlement Procedures Act (RESPA). The complaint, filed in the Eastern District of Michigan, accuses the defendants of participating in a scheme involving kickbacks and steering practices that compromised the trust consumers place in their real estate agents.

According to the CFPB’s allegations, Rocket Homes pressured real estate agents and brokers to steer clients toward its affiliate, Rocket Mortgage, and other related services, often at the expense of offering clients competitive alternatives. The agency contends that such practices not only violated RESPA’s prohibition on kickbacks but also led to higher mortgage rates and fees for clients compared to those who shopped around independently. Additionally, the Jason Mitchell Group is accused of prioritizing referrals from Rocket Homes in exchange for providing referrals to Rocket Mortgage and Amrock, Rocket’s title and escrow service.

The full complaint, which provides detailed allegations and examples, is available for review below. For St. Louis area buyers, this case underscores the importance of working with agents who prioritize transparency and your best interests. If you’re looking for a dedicated team, MORE, REALTORS® is here to assist you in navigating the complexities of the market.


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