Did you use Rocket Mortgage or Quicken Loans to finance the purchase of your home? Your rights as a homebuyer may have been violated. Fill out the form for more information »
WHAT’S THE ISSUE?
Hagens Berman has filed a class-action lawsuit representing homebuyers financing the purchase of their home through Rocket Mortgage or Quicken Loans. Attorneys believe Rocket may have violated homebuyers’ rights and led to higher homebuying costs. Attorneys also believe Rocket may have violated the Real Estate Settlement Procedures (RESPA) Act through “steering” or deliberately directing business to Rocket Mortgage, even when it wasn’t in the homebuyer’s best interest. We believe homebuyers have overpaid in related costs due to this alleged scheme.
HOW DO I KNOW IF I’M AFFECTED?
Affected homebuyers purchased a home since 2019 and financed through Rocket Mortgage or Quicken Loans. Homebuyers may have been harmed by practices that violate consumer protection laws. If you believe you have been affected, contact our team to learn more and sign up for ongoing updates about the lawsuit.
ABOUT ROCKET’S ALLEGED FRAUD
The proposed class action against Rocket accuses Rocket Homes of “steering” clients to certain home loans offered by Rocket Mortgage. “Steering” is defined as the practice of compelling homebuyers to use loans offered by Rocket Mortgage, even when those loans are more costly or have higher interest rates. Steering in real estate is an illegal influence on a client's decision by guiding them away from cheaper options.
YOUR RIGHTS AS A HOMEBUYER
Hagens Berman believes Rocket has possibly violated homebuyers’ rights under federal law, including under RESPA. RESPA states, “no person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.”
A “thing of value” is “broadly defined” under RESPA’s implementing regulation by the CFPB under “Regulation X,” and includes, among other things, “the opportunity to participate in a money-making program,” or more plainly put, the opportunity to do business with a consumer through a referral. Our legal team believes Rocket Mortgage has violated RESPA.
TOP LAW FIRM IN THE REAL ESTATE INDUSTRY
Hagens Berman is widely recognized for its nationwide consumer-protection work and has secured total settlements valued at more than $340 billion for classes and clients since its inception in 1993, including against some of the world’s most powerful corporations. The firm recently reached settlements exceeding $1 billion in a class action filed against 29 real estate broker franchises accused of illegally inflating home sale commissions. The firm is also actively pursuing claims against Zillow and Zillow Home Loans. If you have a claim against Rocket Mortgage, it will be handled by attorneys experienced in consumer protection law and in the real estate industry.
NO COST TO YOU
In no case will any class member ever be asked to pay any out-of-pocket sum. In the event Hagens Berman or any other firm obtains a settlement that provides benefits to class members, the court will decide a reasonable fee to be awarded to the class's legal team.
