Fitch Ratings has affirmed 72 tranches from the RMAC Securities Plc series of UK non-conforming transactions containing residential mortgage loans originated by GMAC-RFC Limited. The affirmations follow improved performance of the collateral portfolios, in particular a reduction in the number of new repossessions and, subsequently, the level of losses realised. Fitch, however, remains cautious as to the future performance of the transactions due to the large portion of loans that are ...
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