GMAC Rescap Expands Special Operations Platform

By Editorial Staff

August 18, 2008

Given the challenging structured finance market conditions and an uncertain economic outlook, mortgage servicing is in hot demand, especially among investors looking for loss mitigation in distressed mortgage assets. Last week, Tony Renzi, chief operating officer for Residential Capital, took the time to answer a few questions regarding the firm's announcement that it would expand its mortgage special operations platform to meet this growing demand.

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