FirstFunding sues Sprout for breaching of contract
Housing Wire
OCTOBER 18, 2022
A recent lawsuit claims Sprout Mortgage left its warehouse lender FirstFunding holding over $220 million of its debt when the mortgage lender abruptly closed on July 6. The agreement’s maximum funding amount changed seven times, increasing to $230 million in April 2022 but returning to $175 million in May 2022.
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