In Brief: GMAC Unit Closes $558M High-LTV Deal

GMAC-Residential Funding Corp. announced that it has closed a $558 million, high-loan-to-value home equity loan securitization, its third such transaction of the year.

In the first three quarters, GMAC-RFC said Monday, it has securitized more than $1.42 billion of high-loan-to-value product.

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