Relevant:
- Ally Receives Mortgage-Related Subpoenas
- Ally Said to Get ResCap Bondholder Backing for Bankruptcy
- Ally's ResCap Loan May Precede Bankruptcy, Fitch Says
- ResCap, Ally Financial Mortgage Unit, Nearing Bankruptcy
- Hedgie who owns debt in ResCap asking political rival for help keeping lender out of bankruptcy
2012-08-29 — reuters.com
``ResCap filed for bankruptcy in May to shed liability for mortgage-related claims that were weighing on Ally, the auto lender which is still 74-percent owned by the U.S. government after a series of bailouts during the financial crisis.
Last year Ally said it had received subpoenas from the SEC and the Justice Department related to mortgage practices. The SEC asked for materials provided to investors in mortgage securitization transactions, among other documents, Ally said.''
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