Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Justice Department Sues Rocket Mortgage and Appraisal Firms for Racial Bias Against Black Homeowners

DOJ claims Black homeowner’s Denver property was unfairly undervalued by over $200,000 based on race

by Simone
October 21, 2024
Reading Time: 2 mins read
0
Trump Administration Quietly Fires 20 Immigration Judges Over Valentine's Day Weekend

Trump Administration Quietly Fires 20 Immigration Judges Over Valentine's Day Weekend

Share on FacebookShare on Twitter

The U.S. Department of Justice (DOJ) has filed a lawsuit against Rocket Mortgage LLC, Solidifi US Inc., Maverick Appraisal Group Inc., and appraiser Maksym Mykhailyna, accusing them of racial discrimination in a home appraisal. The DOJ alleges that the defendants undervalued a Black homeowner’s Denver property by more than $200,000 during a mortgage refinance process—an alarming 25% decrease at a time when property values were rising.

The lawsuit stems from a 2021 incident in which the homeowner applied for a refinance loan from Rocket Mortgage. According to the DOJ, the appraisal conducted by Mykhailyna relied on sales from more distant, predominantly Black neighborhoods, rather than comparable sales in closer, predominantly white areas. This led to a drastic undervaluation of the home, which was located in a mostly white Denver neighborhood. Notably, Mykhailyna had used homes from nearby areas in a prior appraisal for a white homeowner.

“This lawsuit underscores the ongoing issue of appraisal bias, which disproportionately impacts Black communities and widens the racial wealth gap,” said Kristen Clarke, Assistant Attorney General for the DOJ’s Civil Rights Division. “No one should have to endure financial harm and indignity due to discriminatory practices in the housing market.”

The homeowner contacted Rocket Mortgage after receiving the appraisal, citing concerns of racial bias. Instead of addressing the complaint, Rocket Mortgage reportedly retaliated by canceling the refinance application. The homeowner filed a complaint with the Department of Housing and Urban Development (HUD), which found reasonable cause for discrimination, leading to the DOJ lawsuit.

This case highlights the growing issue of appraisal bias, where Black and Brown homeowners often face lower property valuations based on racial discrimination, preventing them from accessing equity and wealth-building opportunities. The Justice Department is committed to holding lenders and appraisers accountable for these violations of the Fair Housing Act.

If you or someone you know has experienced similar discrimination, reports can be filed with the DOJ or HUD through their websites or hotlines.

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Related Posts

Death of Georgia Infant Decapitated During Childbirth Ruled Homicide
News

Georgia Couple Wins $2.5M After Baby Was Decapitated During Delivery and Autopsy Video Was Posted Online

June 23, 2025

A Georgia couple has been awarded nearly $2.5 million by a jury after a tragic childbirth turned into an unthinkable...

#image_title
News

Gas Could Hit $8 in California as Two Major Refineries Shut Down

June 23, 2025

Gas prices in California could soar to $8 a gallon as two of the state’s largest refineries, Phillips 66 in...

DHS terrorism alert
News

Homeland Security Issues New Terror Alert Over Fears of Iranian Retaliation After U.S. Airstrikes

June 23, 2025

The U.S. Department of Homeland Security has issued a fresh national terrorism alert, cautioning that recent American airstrikes targeting Iran's...

Trump Declares “Make Iran Great Again” While Floating Possibility of Regime Change
News

Trump Declares “Make Iran Great Again” While Floating Possibility of Regime Change

June 23, 2025

Donald Trump raised eyebrows Sunday night by floating the idea of regime change in Iran following U.S. airstrikes on the...

Next Post
Jeff Teague and Club 520 Podcast Crew Reveal Details on New Morning Show ‘520 In The Morning’

EXCLUSIVE: Jeff Teague and Club 520 Podcast Crew Reveal Details on New Morning Show ‘520 In The Morning’

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d