Ally Financial indicated in a Wednesday Securities and Exchange Commission (SEC) filing that it has received subpoenas from two regulatory entities in June that included requests for documentation related to certain mortgage activities.
The company said it received subpoenas from both the SEC and the U.S. Department of Justice.
Ally said the SEC subpoena included a broad request for documentation related to certain bulk settlements relating to mortgages placed in securitization trusts.
Specifically, it said these involved repurchase agreements involving originators or sellers and requests for materials provided to investors or prospective investors in MBS transactions.
It said the Department of Justice subpoena included a broad request for documentation and other information in connection with its investigation of potential fraud related to mortgage origination or underwriting.
