GMAC-RFC has offered to review potential completions for customers who have received mortgage offers from Victoria Mortgage Funding, which went into administration yesterday.
A statement from the FSA says: “GMAC RFC has offered to review potential completions for home purchase transactions due in the next three days with a view to providing these borrowers with a mortgage loan.” The firm says it has provided packagers and brokers with relevant case application details to help secure alternative mortgages. The FSA says up to 381 customers with current mortgage offers may be affected. It has also been confirmed Christine Laverty and Michael McLoughlin from KPMG have been appointed as Administrators. All customers should contact the Administrators for further...
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