“Possible”? ORLY? Lets see where this goes…

Reuters-

* SEC examining mortgage loans bundled into securities

* SEC seeking due diligence documents

* Disclosure shows SEC still pursuing financial crisis cases

WASHINGTON, Aug 28 (Reuters) – The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct in its loan origination and underwriting practices.

The SEC disclosed in court documents that it had issued a formal order of investigation on Feb. 22 to probe possible fraud in the offer and sale of mortgage-backed securities by ResCap.

[REUTERS]