For a decade after its founding in the early 1990s, GMAC-RFC Securities mostly contented itself with playing handmaiden to GMAC Residential Funding Corp., dutifully handling the distribution of regular home equity securitizations and eschewing the pursuit of other underwriting business. Not a bad gig, considering RFC is one of the most prolific issuers in the market.

Apparently, however, the firm is hungry for more.

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