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GMAC-RFC will cut 280 jobs

GMAC-RFC will cut its workforce by 280. The job losses are aimed at reducing its cost base, which the lender says is essential if it is to remain competitive. Last October GMAC-RFC cut 200 jobs and made a further 66 staff redundant by closing its direct-to-consumer arm High Street Home Loans.

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TFC sees nearly 3,000 applications from Gravity

Since the launch of its online mortgage decision and case processing system, Gravity, TFC has received nearly 3000 mortgage applications. TFC Homeloans, part of the Orbiter Group of companies, was the first mortgage packager to fully adopt the Gravity system at the start of September 2007. Developed by software company Oppono, Gravity is now used […]

Em-commercial hires commercial team

Em-commercial has appointed commercial lending and administration specialists to underpin its commitment to the commercial lending arena.

Future stays in secured loans

Future Mortgages has decided to stay in the secured loans market and is accepting cases again. Ian Warrilow, head of secured lending at Future, says: “We are back to where we were and accepting applications.”

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