CFPB investigating Rocket Homes for illegal kickbacks
Housing Wire
JANUARY 11, 2021
In the lawsuit, Shkipin alleged that a number of lenders operate “paper brokerages” to squeeze fees from real estate agents, which are passed onto the consumer, who pays for poor service. Shkipin claims that under RESPA, referral payments are only permitted when all parties are acting on behalf of brokerages.
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