Residential Funding Corp., General Motors' nonconforming home loan subsidiary, said this week that it has emerged unharmed from the credit crunch that plagued the subprime business, and that it is preparing to increase its participation in that market.

The Minneapolis-based unit of General Motors Acceptance Corp., GM's finance company, is prepared to expand subprime securitization volume by nearly 60% this year, said RFC chief executive Bruce Paradis. "We're really been positioning ourselves for growth," he said.

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