Outside of the U.S., GMAC-RFC has been originating mortgages in the U.K. since 1998, and expects to issue between E700 million and E800 million (north of $US1 billion) by the end of the year, according to Chris Nordeen, president of the RFC's European operation.

Notably, RFC is hoping to bring its first-ever U.S. dollar-denominated securitization backed by U.K. mortgages in July.

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