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Compliance

July 08: GMAC-RFC suspends funding

by Staff Reporter7 minute read
The Adviser

GMAC-RFC (GMAC) announced in June that it has stopped funding new loans while it undergoes a “strategic review” of its Australian business.

GMAC has reportedly assured its partners that it will “honour its obligations” in respect of all settled loans as well as loan applications that are in the pipeline.

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