GMAC-RFC may be hanging up the 'For sale' sign
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Rumours are rife that GMAC-RFC has been put up for sale by parent group GMAC.
It is not yet known whether there have been any offers for the former specialist lender and mortgage asset management company.
One source tells Mortgage Strategy: “A lot of firms are up for sale at the moment and GMAC-RFC could be tough to shift since it has stopped lending.”
The company was recently fined £2.8m by the Financial Services Authority for failing to treat customers fairly.
It currently manages over £16bn of mortgage assets across four servicing platforms in the UK, Netherlands, Germany and Spain.
When asked whether the firm was up for sale Godfrey Blight, chief operating officer at GMAC-RFC, said it was not company policy to comment on speculation.
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