Lawsuit Filed Against Sprout Mortgage And Planet Home Lending by Banc of California

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In: Mortgage News

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A recent lawsuit filed by Banc of California claims that lenders and mortgage servicers are owed $1.5 million in proceeds from two notes owned and financed by Sprout Mortgage (now defunct) and Planet Home Lending. The bank also claims thatContinue Reading

FirstFunding Files A Major Lawsuit Against Sprout Mortgage For Breach Of Contract

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In: Realtor News

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Sprout Mortgage, a non-QM closed lender, is being sued for breaching a $175 million contract with depository lender FirstFunding. First Funding, a subsidiary of First American Financial Corporation, filed a lawsuit against Sprout last week in the Central District CourtContinue Reading