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Lehman Shuts Down Aurora
January 17th, 2008 under Alt-A Mortgage, Mortgage Blog, Mortgage News, Secondary Mortgage Market, Subprime lenders, Uncategorized. [ Comments: none ]

Aurora Loan Services’ parent company, Lehman Brothers, announced today that it will substantially reduce its resources and capacity in the U.S. residential mortgage origination space in light of the dislocation in the mortgage markets. As a result, Lehman Brothers is suspending all Wholesale and Correspondent mortgage originations at Aurora. Aurora will continue to originate loans through [...]