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Home » Store » Non-Mortgage Regulation » Ally Financial Facing Subpoenas From the SEC, Justice Department Over MBS, Subprime Auto ABS

Ally Financial Facing Subpoenas From the SEC, Justice Department Over MBS, Subprime Auto ABS

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Non-Mortgage Regulation

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Ally Financial recently received subpoenas and document requests from the Securities and Exchange Commission and the Department of Justice over a broad array of lending and securitization activities, the company revealed in a recent Form 10-Q disclosure filed with the SEC. “The subpoenas and document requests from the SEC include information covering a wide range of mortgage-related matters, and the subpoenas received from the DOJ include a broad request for documentation and other information in connection with its investigations of potential fraud and other potential legal violations related to MBS, as well as the origination and/or underwriting of mortgage loans,” the company said. In addition, Ally recently received...
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