Aurora Loan Services continues to keep a tight seal on its plans for the future. The only thing we know for sure is that the company is once again originating loans (a good sign) but it's unlikely that ALS will be sold any time soon, especially with the issue of 'servicer compensation' hanging in the balance. According to the Quarterly Data Report, ALS services roughly $74 billion of home mortgages, most of it 'alt A' product. A large majority of its underlying loans were made to self employed borrowers. From what we're told, self employed mortgagors are the hardest to modify because of the difficulty in documenting income…
Processing Content
