P.S. I am in the mortgage industry and Aurora was among the worst of the worst. That stat that about 90% of their portfolio was liars loans is about right. A lot of pass thru lenders would use their guidelines to underwrite off of and then sell it to Aurora afterwards. They were notorious for having a stated loan for non owner occupied investment properties that let you borrow 100% of the value of the home on a purchase all the way down to a 620 FICO score. They were pushing it like there was literally no tomorrow back in 2006.
News 
Market Data 
Discover 
AI
