Reuters: Bankruptcy News: SEC probing ResCap for possible mortgage fraud

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SEC probing ResCap for possible mortgage fraud Aug 28th 2012, 13:53 WASHINGTON | Tue Aug 28, 2012 9:53am EDT WASHINGTON Aug 28 (Reuters) - The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct in its origination and underwriting practices used to make and approve loans. The SEC disclosed in court documents that it issued a formal order of investigation on Feb. 22, 2012 to probe possible fraud in the offer and sale of mortgage-backed securities by ResCap. The SEC is seeking due diligence records from R.R. Donnelley & Sons for the inquiry.

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