As Sprout saga smolders, ex-CEO’s wife forms new lender

While Michael Strauss has absconded from massive liabilities and court cases over the demise of Sprout Mortgage, his wife and a former associate are running a new mortgage shop.

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It’s unclear if the embattled industry executive is involved with the Irvine, California-based Investor Funding Corp., which his spouse, Elizabeth Strauss, founded in 2024 according to public records….