Loan Think

What We're Hearing

Published January 28, 2009, 7:00 a.m. EST

1 Min Read

In case you're wondering Aurora Loan Services is still open for business, or so says its website. As you might recall, ALS was ultimately owned by the new bankrupt Lehman Brothers. But, as a technical matter, ALS (a subprime/alt-A servicer) was/is a subsidiary of Lehman Brothers Bank and not a part of the Lehman Brothers Holding Inc. bankruptcy filing. ALS stopped funded loans well over a year ago but remains as a servicer with a portfolio of roughly $100 billion. Its executives aren't exactly a talkative bunch. As for its futureâ¦

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