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Violation Tracker Individual Record

Company: Aurora Loan Services, LLC
Penalty: $41,000,000
Year: 2018
Date: August 2, 2018
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The United States Attorney for the District of Colorado announced a $41 million settlement with Aurora Loan Services, LLC, a subsidiary of Lehman Brothers Holdings, Inc., in connection with its conduct in originating and selling residential mortgage loans from 2004 through 2008. Aurora Loan Services agreed to pay $41 million as a civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-District of Colorado
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.