General World News

Rocket faces amended refi lawsuit with fraud, TILA violation claims

Owners of a North Carolina property have filed an amended lawsuit against Rocket Mortgage that claims the lender rejected a refinance application in order to impose a higher rate.  

In an amended complaint, filed Monday, two couples — John Speicher and his wife, Patricia Giles, from Wyomissing, Pennsylvania, and Jeremy and Courtney Speicher from Concord, North Carolina — allege that Rocket created a “bait-and-switch” scenario in which the lender gave the borrowers a lower rate initially but terminated the application in order to offer a higher rate instead.

The incident in question dates back to March details ⇒

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