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GMAC-RFC moves mortgage book servicing in-house

GMAC-RFC will transfer the administartion of its mortgage assets from its third party servicer, HML, to in-house from April next year.

The move follows the takeover of GMAC-RFC’s European arm by Fortress Investment Group in April this year.

It is not believed to be the end of the partnership between the firms as they look for ways to work together in the future.

Julian Wells, director of marketing at HML, says: “As expected when Fortress bought the GMAC assets, they will transfer on April 13 next year. We are also talking to them about using HML systems for their mortgage administration.”

Fortress is currently unavailable for comment.



Bob Young

A worrying message on buy-to-let sector

Is buy-to-let the key to easy riches again? This was a headline The Telegraph had recently. Regardless of the article’s content, which was a fair appraisal of buy-to-let, it is this type of headline we should avoid. The answer of course is no it is not, but to suggest that it may be is a […]


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