Systemic problems with mortgage loan operations -- originations and modifications -- are flows which are capitalized into a long-dated assets or stocks. Correcting bad origination practices, or changing the flows, does not change the prior stocks created by the flows. There were systemic problems with the origination and securitization of subprime residential mortgages a decade ago. The flawed origination process was stopped years ago, but the troubled loans still produce losses to this day.This papers examine the continuing problems of The Bancorp, who discontinued a commercial loan operation in late 2014. Court document provide evidence that the bank sanctioned a practice "extend and pretend" loan modifications.We provide estimates of future loan losses.