MINNEAPOLIS, Feb. 7 /PRNewswire/ -- Residential Funding Corporation
(GMAC-RFC) today introduced an Internet portal that provides investors
real-time access to a broad range of historical performance information on
GMAC-RFC mortgage-backed (MBS) and asset-backed securities (ABS).
(PHOTO: http://www.newscom.com/cgi-bin/prnh/20000324/MNF002 )
"Managing complex fixed-income portfolios requires timely access to
investment performance information," said Eric Scholtz, executive vice
president of capital markets for GMAC-RFC's Residential Capital Group. "The
Investor Internet Portal(SM) provides our investors with convenient access to
information that allows them to effectively manage their portfolios."
The portal offers investors monthly transaction, collateral and historical
performance information on GMAC-RFC securities issued from each of the
company's five shelves. In addition, investors can seamlessly point and click
to review monthly remittance statements, prospectus supplements, pooling and
servicing agreements, product summaries, issuance volume statistics, as well
as access downloadable data files at the transaction, class and loan levels.
"We recognize the importance of and are dedicated to providing ongoing support
of the products we deliver to the market," Scholtz said. "The Investor
Internet Portal is an example of this commitment."
The portal's interconnecting capabilities, found at
http://www.gmacrfc.com/investors , are available to investors anytime with
immediate, online access. Future enhancements will enable investors to use a
query tool to efficiently monitor specific securities, including information
relating to cash flows, credit and prepayment performance.
"Investors who participated in our usability testing tell us the portal is
easy to navigate and quickly gets them the information they need," said
Scholtz.
GMAC-RFC, a wholly owned subsidiary of General Motors Acceptance
Corporation, is America's largest issuer of non-agency mortgage-backed
securities (MBS) and home equity loan (HEL) asset-backed securities (ABS) and
number one warehouse lender. The company leverages its strengths in lending,
securitization, and investment to offer a broad portfolio of innovative
capital solutions. The company is headquartered in Minneapolis and operates in
the United States, Europe and Latin America. http://www.gmacrfc.com
SOURCE GMAC-RFC
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Related links:
http://www.gmacrfc.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20000324/MNF002
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/138832.html or fax,
800-758-5804, ext. 138832
CONTACT:
Jodi Ehlers Swanson of GMAC-RFC,
952-857-7343, jodi.ehlers@gmacrfc.com , or Randy Sands of
Shandwick International, 952-346-6191, rsands@shandwick.com , for
GMAC-RFC
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