HomeComings Financial Network, a subsidiary of GMAC-RFC, will begin tinkering on a limited basis with a new statistical method of originating 125% loan-to-value mortgages that, if successful, might change the entire high-LTV loan-origination process, sources at the company said.

Dubbed a prototype, the program has yet to be initiated, and from a securitization standpoint, these loans would not enter the asset-backed securities arena until next year, perhaps June, a source predicts.

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