General World News

Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say

The class-action lawsuit filed this week against Rocket Companies and its subsidiaries, which alleges violations of the Real Estate Settlement Procedures Act (RESPA), has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models.

Legal experts have described the case as “unique,” saying it raises key issues — including some tied to the fiduciary duties of real estate agents, RESPA’s gray areas and the law’s application to affiliated business arrangements. But mortgage industry attorneys say the lawsuit may face significant hurdles from details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com