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HouseCanary Files Bankruptcy to Collect $260 Million From Rocket
Source: Bloomberg
Housing & Real EstateLegal & LitigationCompany Fundamentals
Property-data provider HouseCanary filed for bankruptcy, seeking time to pursue collection of more than $260 million from Rocket Mortgage affiliates. HouseCanary alleges the affiliates stole a computer model used to rapidly value homes for real-estate investors and mortgage brokers, creating significant litigation and reputational risk for the parties involved.
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