Sprout Mortgage Sued for Breaking Post-Closure Agreement

October 18, 2022

National Mortgage News, Oct. 18, 2022–Andrew Martinez (subscription)
FirstFunding, the warehouse lending subsidiary of First American Financial Corp., sued Sprout for breach of contract last week in the U.S. District Court for the Central District of California. The company is seeking $262,500 held in a Banc of California account; the depository services loans in Sprout’s closed loan portfolio, according to the suit.
https://www.nationalmortgagenews.com/news/sprout-mortgage-sued-for-breaking-post-closure-agreement