Bloodbath: Mortgage industry keeps cutting staff – Robert Khodadadian

The giant sucking sound in the home loan industry grew louder Wednesday when Sprout Mortgage told employees it’s going out of business. The company broke the news to its more than 300 staffers during a conference call Wednesday, according to HousingWire. A former employee of the Long Island-based mortgage lender told the publication that Sprout had already slashed its workforce several times. Sprout’s closure comes a week after Texas-based First Guarantee Mortgage essentially shuttered operations

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, JPMorgan Chase, Mortgage Rates, Mortgages The Real Deal New York Read More