Whollyowned subsidiary of GMAC Financial Services.
Businesses: Residential Mortgage Finance, Residential Construction Finance,
Resort Finance, Healthcare Finance and Trade Finance.
Corporate offices: Minneapolis, Minnesota,
Global Operations in the United States, Canada, Mexico, United Kingdom and
Continental Europe.
4,000 associates.
Market Leader in Residential Mortgage Finance
United States
Cumulative MBS/ABS issuance of $217.6 billion. Number Three private mortgage
conduit, with $34.5 billion issuance in 2002.
Number One warehouse lender, with $15.8 billion in commitments and $10.6 billion
in outstandings. Top 15 wholesale lender, with $14 billion in originations
in 2002.
Top 10 Second Lien Lender with $2.9 billion in originations in 2002. Top 15
servicer, with a portfolio of $63 billion. Top 10 subprime servicer.
Canada
Number One mortgage brokerage.
United Kingdom
Top 15 mortgage lender.
Number One subprime mortgage lender.
Cumulative MBS issuance in excess of $6 Billion.
