GMAC-RFC introduces sub-prime products

GMAC-RFC has introduced a range of sub-prime products designed for its panel of packagers and remote processors.

Jeff Knight, head of marketing services at GMAC-RFC, says: “We have seen a dramatic increase in our packager business over the last few months. We are further supporting this sector with an exciting range of products. The reaction so far has been fantastic.”

Victor Jannels, group managing director of All Types of Mortgages, says: “It is pleasing to see GMAC-RFC demonstrating its continued support of packagers with this range. I am particularly impressed with the rate structure in the light and medium ranges.

“They compete very favourably in this sector and support the need to offer sub-prime products at competitive rates with no extended redemption charges.”