GMAC-RFC confirms $302 million non-conforming RMBS

According to GMAC-RFC the deal was not only the first non-conforming issue in Australia for 2008 but also the first in the world.

Andrew Greensdale, GMAC-RFC capital markets director, said the issue highlighted the resilience of the local securitisation market and investor appetite for well structured issues.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 24 May 2008