GMAC-RFC completes fourth portfolio sale of 2006

GMAC-RFC has completed its fourth portfolio sale of 2006 to Bradford & Bingley.

The £670m deal comprises of a blended pool of prime, buy-to-let and self-cert products and was completed on the 24 November 2006.

Craig Beresford, director of asset sales at GMAC-RFC, says: “This is the fourth sale of our 2006 agreement with Bradford & Bingley and the eighteenth in our long standing relationship. We are delighted to have sustained such a long and successful partnership between our two organizations over the years and we expect to build on this into 2007 and beyond.”

Beresford continued: “As our UK origination business grows so does our delivery of mortgage assets to the secondary trading market, cementing not only our commitment to our create and trade philosophy but to our partners, be they new or long-standing. GMAC-RFC looks forward to continuing to successfully trade with all our partners, and to further developing the now maturing mortgage trading market.”