Tag Archives: Non-QM

An unfortunate headline in the troubled mortgage industry this week, Sprout Mortgage abruptly shut down its operations on July 6th, laying off all 300 employees. The leading non-QM mortgage originator, was reportedly finalizing a lifeline from Citi when the CEO decided to pull the plug, call off the deal and close down the company. AccordingContinue reading “Sprout Mortgage Shuts Down”