Michael Strauss, Smart Rate licenses suspended in Illinois
A regulator in Illinois has suspended the licenses for industry veteran Michael Strauss and his mortgage company, Smart Rate Mortgage.
Source: housingwire.com
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Ex-Sprout CEO's originator licenses suspended
Michael Strauss and his previous lending company still face four federal lawsuits from creditors and laid off workers seeking backpay.
New York United States East Meadow Michael Strauss Exchange Commission Illinois Department Of Financial
Source: nationalmortgagenews.com
Sprout Mortgage reportedly in settlement talks with laid off employees
An executive at the firm also signed a $475,000 judgment against it from another mortgage player, although a federal judge has yet to sign off on the agreement.
Source: nationalmortgagenews.com
Did Michael Strauss, accused of fraud, just start a new mortgage company?
After abruptly shutting down Sprout Mortgage and being accused of fraud, Strauss and his wife are linked to a new mortgage entity, Smart Rate Mortgage, LLC.
Source: housingwire.com