GMAC announces portfolio sales figures

Amanda Jarvis

April 19, 2006

During the first few months of the year the lender has already completed ten of these sales and the figure represents 67 per cent of last year’s total portfolio sales, putting them on track for a year of record-breaking sales.

The quarter one portfolio buyers were from a wide range of mortgage specialists, including building societies, investment banks, direct lenders and mortgage banks.

Craig Beresford, director of asset sales at GMAC-RFC, said: “These figures reflect an excellent period of growth and performance at GMAC-RFC. Going in to quarter two, we will look to build on this success and continue to seek new investors from a broad range of markets and institutions. As always we will look to develop new innovative exit structures to help create more long-term, committed partnerships where ever possible.”

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