What happened to Aurora Loan Services?

What happened to Aurora Loan Services?

Aurora Loan Services was a mortgage company headquartered in Littleton, Colorado. Aurora Loan Services arranged for the sale of these loans to its parent company, Lehman Brothers Bank. Lehman Brothers Bank sold these loans to its parent, LBHI, a major investment bank.

Is Aurora Loan Services still in business?

Aurora Bank was a federal savings bank (FSB) headquartered in Wilmington, Delaware, established in 1921 under the name Delaware Savings And Loan Association….Aurora Bank.

Is Lehman Brothers a bank?

Lehman Brothers was a global investment bank with humble beginnings as a dry-goods store, eventually branching out into commodities trading and brokerage services. The firm survived many challenges but was eventually brought down by the collapse of the subprime mortgage market and a record-setting bankruptcy in 2008.

Why was AIG bailed out?

In late 2008, the federal government bailed out AIG for $180 billion, and technically assumed control, because many believed its failure would endanger the financial integrity of other major firms that were its trading partners–Goldman Sachs, Morgan Stanley, Bank of America and Merrill Lynch, as well as dozens of …

Where is Angelo Mozilo today?

Mozilo reportedly lives in a beach house near the Montecito Country Club in Santa Barbara, Calif.

How did no one go to jail for 2008?

The financial crisis of 2008 altered so many lives: Millions of people lost their homes, their jobs and their savings. And though the crisis grew out of big banks’ handling of mortgage-backed securities, no Wall Street executive went to jail for it.

What happened to AIG investors?

AIG was an investor in Blackstone from 1998 to March 2012, when it sold all of its shares in the company. Blackstone acted as an adviser for AIG during the 2007-2008 financial crisis. In March 2003 American General merged with Old Line Life Insurance Company.