GMAC-RFC has completed its 53rd portfolio sale, the seventh to Amber Homeloans. This brings its portfolio sales to £8.6bn since 2000.Portfolio sales are an important part of GMAC-RFC’s business strategy. The lender also says European investors are becoming interested in participating in the UK market. Craig Beresford, head of asset sales at GMAC-RFC, says: “This latest sale confirms our position as the UK’s number one trader of mortgage portfolios and also the effectiveness of our create and trade strategy. “We intend to expand our trading programme as we increase our production volumes and see higher demand from traditional and new buyers.” Mark Smitheringale, director of asset trading at Amber Homeloans, adds: “Amber has had considerable success in the origination of mortgages over the past four years and the trading of mortgage assets is an integral part of our business.”
The government claims its Key Worker Living scheme has borne fruit and is helping in the recruitment and retention of teachers, nurses and police. This is one of the findings of the Key Worker Living Evaluation: Early Findings study published by the Office of the Deputy Prime Minister last week. The government also says its […]
As of July 1 the new regulations mean that all Independent Financial Adviser firms and mortgage intermediaries are required to submit reports via the Financial Services Authoritys online web-based browser system.Since Plum Software’s inception 12 years ago, mortgages have formed an integral part of the software and it now has many users who are both […]
Prudential this week finally came out with the rate for its lifetime mortgage product. For the equity release market, this has been a real slow burner. The Pru originally outlined its plans to enter the market in May when it revealed it was cutting loose from former partner Northern Rock, which had been the provider […]
Pink Home Loans has launched an exclusive three year discount shared ownership product with Mutual One, funded by Ipswich Building Society. The product offers a competitive three year discount, free valuation and allows the client to reduce their mortgage balance by up to 50% of the original amount without penalty.David Copland, marketing director at Pink, […]
Last week was Adult Learner’s Week, a celebration of lifelong learning and continued education. But why should education stop after school?
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