Trump admits mortgages “not a business I particularly liked or wanted to be part of”
In the article, Jennifer McGovern, 44, described that she worked in the boutique part of the business, where people housed in their own offices dealt with high-end real estate agents and attorneys.
From the piece:
McGovern sued Trump Mortgage in early 2007. She had brokered a $26.5 million commercial loan that should have given her a $238,000 payment, she said. Trump Mortgage told her to accept a $10,000 commission instead.
When she refused, she said Ridings fired her on the spot. McGovern won a court judgment in 2009 awarding her a payout close to $300,000. But by then the company had no assets, no office and no phone number.
Trump Mortgage launched in the spring of 2006 with much fanfare, and closed just 18 months later, leaving behind unpaid bills and broken promises.