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Did Suburban Mortgage shut down?

A former employee told HousingWire that executives sent an email on Friday informing them about the decision to cease operations that day.

Non-QM lender Arc Home brings on new COO

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

A week after shutting down, Sprout cut off health insurance retroactive to May 1, despite collecting insurance premiums from employees' paychecks, according to multiple former employees and documents reviewed by HousingWire.

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