GMAC Mortgage's (GMACM) corrective actions related to an unusual servicing practice that could hurt ratings on nearly $6 billion of RMBS it services are scheduled for completion by April 1, according to a Moody's Investors Service report.

The rating agency said it is monitoring the corrective actions and will consider them in the context of almost $6 billion GMACM RMBS currently on review for possible downgrade. The practice being corrected is that of netting the cash flows of multiple residential MBS in a single custodial trust.

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