Rocket settles $3.5M lawsuit alleging unpaid employee overtime

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law.In a case filed in January 2023 in the U.S. D
Read MoreZillow’s new AI tool aims to promote equality in housing

Zillow announced the release of an open-source tool, the Fair Housing Classifier, on Tuesday as part of the company’s efforts to “promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology.“In a news release, Zillow explained that artifici
Read MoreSingle-family rental market continues to display strength

U.S. single-family rent growth strengthened overall in March despite some weaknesses in specific markets.Single-family rent increases in March 2024 registered a 3.4% year-over-year gain, unchanged from February, according to CoreLogic’s latest Single-Family Rent Index (SFRI). The SFRI analyzes singl
Read MoreChopra says he is ‘open to’ reviewing the LO comp rule

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), is aware that some loan officers are taking creative — and, as detailed in a recent HousingWire investigation, often illegal — approaches to winning business. And he would be willing to reexamine the decade-old rule that proh
Read More
Categories
Recent Posts










