GMAC-RFC announces second portfolio sale to Dunfermline

This blended portfolio sale was completed on 25th February 2005.

Craig Beresford, Head of Asset Sales at GMAC-RFC, says: “We are very pleased to be building on our existing relationship with Dunfermline Building Society. This second transaction is a blended portfolio sale which reinforces GMAC-RFC’s position as an all status lender providing mortgages for everyone. “

Beresford continued: “GMAC-RFC will continue to lead the UK market in the creating and trading of mortgage assets throughout 2005 and looks forward to further transactions with both the Dunfermline Building Society and our other key partners as we expect demand for assets to increase this year.”

Dunfermline Building Society’s General Manager Commercial Lending, Peter Weanie commented: “We are delighted to complete a second substantial deal with GMAC-RFC. This purchase represents another significant step in our strategy of continued growth. As Scotland’s largest building society, we are always looking to enhance the quality of our assets and our customer base and this is reflected in the growth of our market share.”