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GMAC-RFC Eyes Subprime, HLTV

Minneapolis-based GMAC-Residential Funding Corp. (GMAC-RFC) is looking to increase its high-loan-to-value (HLTV) and subprime operations, sources at the company said.

"GMAC-RFC is committed to a 30% growth increase in its growth areas," said Peter Baynard, managing director and national sales manager for the consumer finance group at RFC. "I...

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