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The proposed class of investors has accused the parent company of Rocket Mortgage and its executives of misleading shareholders in 2021 through statements about the lender's growth.
The company's founder said he's going "back to my startup roots".
Co-creator says it could impact about seven million people.
Buyer and seller uncertainty continues to shape market as mortgage rates dip.
The bill adds to the conversation that's been raging for years.
The move was applauded by the Community Home Lenders of America.
The volume of repurchase demands comes amidst improving credit
Homebuyers find relief as 30-year fixed mortgage rates fall to 6.95%, with prospects of further decline in the New Year.
Two mortgage industry players unite to leverage cutting-edge technology and expertise, paving the way for a bright future in home lending.