Justice Department subpeonas records from GE in subprime mortgage probe

The Department of Justice has issued a subpoena for records from General Electric’s financial services business, according to GE in a securities filing.  GE disclosed Friday in its securities filing that its lending unit, GE Capital and a former subsidiary made subprime loans.

The Justice Department sought records from GE as part of a nationwide investigation of subprime mortgages for the purchase and sale of residential properties.

Jeffrey Newman represents whistleblowers