Denver Business Journal – by Greg Avery
A former employee of Aurora Loan Services LLC alleges in a lawsuit filed Monday that the company fired him in retaliation for helping federal investigators who were looking into one of its loans.
Michael Walker filed the lawsuit in Denver District Court against the Littleton-based company, a Lehman Brothers subsidiary that wrote billions of dollars’ worth of mortgage loans later bundled into mortgage-backed securities sold by the investment house.
A request for comment has been left with Aurora Loan Services’ attorney.
Walker’s suit says he was a former “high-risk specialist” in quality control at Aurora Loan Services LLC, a job that involved reviewing loans for signs of fraud and misrepresentation.
In early 2006, Walker filed a “suspicious activity report” with the FBI noting suspicions he had about documentation for a loan being processed for a multiple-unit residential property. Such reports are a routine obligation of financial institutions, the suit says. (Read more)
