ResCap Sells Mortgages To Fund Put Option

GMAC Residential Capital, a European mortgage lender, plans to sell some mortgage receivables to an unnamed European bank to fund a put option on one of its sponsored deals.

  • 05 Aug 2010

-- Daniel O’Leary

GMAC Residential Capital, a European mortgage lender, plans to sell some mortgage receivables to an unnamed European bank to fund a put option on one of its sponsored deals. The €500 million ($659 million) E-MAC NL 2003-II residential mortgage securitization has a quarterly payment coming due in ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Credit Suisse 43,977.05 134 5.24%