GMAC-RFC announces twelfth portfolio sale to Britannia Treasury

GMAC-RFC has announced its twelfth portfolio sale to Britannia Treasury Services. This £400 million deal comprises of a blended pool of prime, buy to let and self-cert products and was completed on the 31st January 2007.

Craig Beresford, Director of Asset Sales at GMAC-RFC, says: “It is great news to start the year with our long standing and valuable partners at Britannia Treasury Services. Our “create and trade” strategy is built on strong relationships at both ends of the business model, which in turn contribute to the growing maturity of the secondary trading sector as a whole.”

Beresford continued: “GMAC-RFC continues to lead the UK market in creating and trading mortgage assets and looks forward to ongoing business with Britannia and other partners in this field throughout 2007.”

Britannia Board Member Gerald Gregory adds: “We are delighted to continue our excellent relationship with GMAC-RFC by completing our twelfth portfolio sale with them. Mortgage asset trading is a valuable part of our business and we recognise the increasing role of the secondary market. Building on our 2006 performance this purchase represents another step in our strategy of continued growth and of delivering value to our members.”