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Home » Store » Non-Agency MBS » SEC Looking at Due Diligence on ResCap MBS

SEC Looking at Due Diligence on ResCap MBS

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Non-Agency MBS

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The Securities and Exchange Commission is conducting an in-depth investigation of non-agency mortgage-backed securities issued by Ally Financial’s Residential Capital, according to court documents released this week. The documents revealed that due diligence provider R.R. Donnelley & Sons Company has delayed the investigation, which started in February. “The commission is investigating ResCap’s origination and underwriting practices used to make and approve loans in connection with offerings of ...
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