Minneapolis-based mortgage lender GMAC-RFC has entered into partnership with San Diego-based subprime mortgage specialist Accredited Home Lenders, where Accredited will deliver eligible' subprime mortgages to GMAC-RFC in exchange for financing from the big asset-backed player.

The agreement allows Accredited to participate in GMAC-RFC's subprime securitization program. Accredited originated $600 million in loans in 1998 and close to $450 million in loans for the first half of 1999.

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