General World News

Ex-Sprout employees: no paychecks, no severance and now, no health insurance  

When non-QM lender Sprout Mortgage abruptly shut down on July 6, more than 300 workers expected their last paychecks to be delivered the following day as scheduled. They also expected Sprout to offer severance packages to cushion the blow. 

Instead, paychecks weren’t delivered to employees, and severance wasn’t offered, former employees said. There’s more grim news, too. 

One week after shutting down, the company retroactively cut off the health insurance to May 1, although it collected insurance premiums from employees’ paychecks, according to multiple former employees and documents reviewed by HousingWire. 

Some former employees, without details ⇒

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