GMAC-RFC announces portfolio sale

Amanda Jarvis

January 31, 2006

The £140 million deal comprises of a blended pool of mainstream prime, buy to let and self-cert products and was completed on 27 January 2006.

Craig Beresford, head of asset sales at GMAC-RFC, said: “This is our third sale of 2006 and the eighth in our long standing relationship with Britannia Treasury Services. We are looking to further strengthen the important partnership between our two organizations during this year and beyond.

Beresford continued: “GMAC-RFC is committed to building on its solid foundation and reputation as the leading creator and trader of mortgage assets in 2006 and we are very much looking forward to continuing our success in this market throughout this year and beyond.”

Britannia board member Gerald Gregory, added; “We are pleased to further our relationship with GMAC-RFC with this deal. Mortgage asset trading is an important part of our business and we look forward to the continued co-operation between our two companies in the future.  This deal is another significant step in our strategy of continued growth and of delivering value to our members and reflects the increasing importance of our secondary market activities.” 

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