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Rocket sues HUD, saying it isn’t accountable for appraiser’s actions

Rocket Mortgage, the third-largest U.S. mortgage lender, is suing the U.S. Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. 

The lawsuit was filed Wednesday in U.S District Court in Colorado. A HUD spokesperson told HousingWire that the agency does not comment on ongoing litigation.

Detroit-based Rocket claims HUD has misused the Fair Housing Act, placing the lender in “conflicting and irreconcilable positions” regarding government mandates on appraiser oversight and independence. 

“The reason details ⇒

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