Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed the more than 300 workers of the shut down in a conference call on Wednesday, a ...

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage, accusing the company of defaulting on a pool of $32 million in loans it agreed to ...

Michael Strauss and his new company requested an administrative hearing, keeping his license active for now. Former Sprout CEO Michael Strauss and his new company, Smart Rate Mortgage, are fighting ...

Employees at Sprout Mortgage, an East Meadow-based mortgage lender, filed a class-action lawsuit against the company after it shut down Tuesday without notice. The laid-off staffers said the company ...