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GMAC-RFC’s lending tops £12bn

GMAC-RFC’s lending for 2006 has topped the £12bn mark, with its year-on-year growth of 75% beating the market five-fold.

The Residential Capital Corporation subsidiary believes its five-fold growth to be the highest of any major lender in 2006.

Jeff Knight, director of marketing at GMAC-RFC, says: “Our success in 2006 was about product and delivery innovations, where we have had led the market on both fronts.

“Unusually, this explosive growth has been accompanied by several awards for service excellence.

“In fact, we received a record number of 20 industry awards last year, which is a true testament that we are providing the intermediaries and packagers the products, service and technology they need to enhance their own service and reputation.”

Its 2006 lending figure of £12.1bn has yet to be audited.


No ratings change for St. James’s Place UK

Standard & Poor’s Ratings Services says the ratings and outlook on insurer St. James’s Place UK have not been affected by the departure of it’s chief executive Mark Lund. It says SJPUK retains sufficient depth in management to navigate through the interim period pending the appointment of a successor. Standard & Poor’s will continue to […]

Crown earns high rating

Fitch Ratings has given Crown Mortgage Management UK a positive rating, with its UK commercial mortgage ratings being the second highest possible. Crown manages mortgage outsourcing for organisations including the Royal Bank of Scotland. predicts lead price crash is predicting a price crash for mortgage and life assurance leads in January 2007, as more people go online to seek the best deal for their finances.The leads distributor says more people are logging on to home computers to manage their finances than ever before, meaning price comparison web sites have become the first […]

Financial guru advises London shoppers on PPI

Financial guru Martin Lewis took to the streets for Tonight with Trevor McDonald last week to spread the word about his payment protection insurance LoanBuster campaign.


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