MINNEAPOLIS, Feb. 3 /PRNewswire/ -- GMAC-RFC announced today that it has
issued over $100 billion in cumulative securities since it was founded in
1982, making it the largest issuer on a combined basis of private label
mortgage-backed (MBS) and asset-backed (ABS) securities. The company exceeded
the $100 billion mark late last year and has added over $5 billion since then,
bringing its total securitization volume to over $105 billion.
    "In just over 15 years, GMAC-RFC has grown rapidly to become the largest
private label MBS/ABS issuer," said Bruce Paradis, president and CEO. "We
achieved this milestone because of a growing and loyal customer base, a
network of committed partners, and the hard work of a team of industry experts
who are committed to asset performance. We've also benefited from offering
clients multiple 'shelves' that stay consistent from deal to deal," he said.
    GMAC-RFC is a wholly owned subsidiary of GMAC, and is committed to
providing capital and investments worldwide through its core businesses in
securitization, lending and investment. The company is an industry leader in
mortgage-backed securities, warehouse lending and housing finance, and is
headquartered in Minneapolis with offices nationwide, the United Kingdom and
Mexico.

Link to this page: