"Mortgage Broker Employees Face Demands to Return $100,000 Signing Bonus"
Mortgage company Guaranteed Rate is demanding that ex-employees return their signing bonuses, ranging from $100,000 to a million dollars, on the basis that it was a loan. The company, along with its affiliates, has sued former employees who have refused to repay the bonuses, citing violation of agreements and promissory notes. The mortgage market has experienced a significant downturn, leading to lenders seeking the return of bonuses. The situation highlights the challenges faced by mortgage brokers in a struggling market and the legal disputes that can arise over signing bonuses.