Sprout Mortgage Failure: Non-QM Lending Crisis Revealed
Sprout Mortgage: A Non-QM Lending Crisis Unfolds The abrupt collapse of Sprout Mortgage, a major player in the non-qualified mortgage (non-QM) market, serves as a stark warning. Once handling $380 million in monthly non-QM loans, its demise wasn't simply a market downturn; it was a confluence of factors, including a weakening market and allegations of significant internal fraud. This case study analyzes the contributing factors, explores the human impact, and offers actionable steps to prevent similar failures....