GMAC-RFC's acquisition of Dynex Residential, the model housing division of Dynex Capital, might set the stage for a model home lease-backed securitization program for RFC, pending an evaluation of financing options, said sources at the company.

"We have, over the years, explored this product," said Terry Farley of RFC. "If securitization proves to be the appropriate option, then absolutely, we will consider securitizing [model home leases]."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.