New Wave sues Sprout for defaulting on $32M purchase of mortgages
Housing Wire
JULY 26, 2022
California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. New Wave filed the lawsuit Monday in the U.S.
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