GMAC-Residential Funding Corp. plans to securitize $1 billion to $1.2 billion in high loan-to-value collateral, with a deal in the third quarter followed by another in the fourth quarter, breathing new life into an asset class once written off as dead.

So far this year, the Minneapolis-based mortgage originator has issued $865 million securities in two deals backed by high LTV collateral, defined as mortgages worth more than the value of a home.

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