World & BusinessHouseCanary files for bankruptcy as it seeks more than $260 million from Rocket affiliates
Bloomberg reports the property data provider filed to buy time to collect the money from Rocket Mortgage affiliates accused of stealing its home-valuation model.
TLDR
Bloomberg reports that HouseCanary filed for bankruptcy to buy time to collect more than $260 million from Rocket Mortgage affiliates. According to the report, the affiliates were accused of stealing a computer model used to quickly value homes for real estate investors and mortgage brokers.
HouseCanary files for bankruptcy as it seeks more than $260 million from Rocket affiliates
Bloomberg reports the property data provider filed to buy time to collect the money from Rocket Mortgage affiliates accused of stealing its home-valuation model.
TLDR
Bloomberg reports that HouseCanary filed for bankruptcy to buy time to collect more than $260 million from Rocket Mortgage affiliates. According to the report, the affiliates were accused of stealing a computer model used to quickly value homes for real estate investors and mortgage brokers.