The deal was completed on 30 November 2006.
Craig Beresford, director of asset sales at GMAC-RFC, said: “We are delighted to have been able to trade over such a long period of time with our partners at the West Bromwich. It is testament to both parties’ commitment to the secondary trading market that we have continued to grow our relationship so effectively."
West Bromwich's company’s acquisitions director Peter Davies said: “We are delighted to continue our relationship with GMAC-RFC by completing our ninth portfolio sale with them. Portfolio acquisitions and the trading of mortgage assets are integral parts of our business and enable us to achieve business growth in a controlled and structured manner. We look forward to completing more of these deals in the future with GMAC-RFC.”
