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GMAC-RFC Gives Lift To High-LTV MBS with $1Bln deal

GMAC-Residential Funding Corp. plans to securitize $1 billion to $1.2 billion in high loan-to-value collateral, with a deal in the third quarter followed by another in the fourth quarter, breathing new life into an asset class once written off as dead.

So far this year, the Minneapolis-based mortgage originator...

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