You are here: Home - News -

Portfolio acquisition for DHLL

  • 03/12/2002
  • 0
GMAC-RFC has announced a £60m portfolio sale to Derbyshire Home Loans Limited (DHLL), a subsidiary o...

GMAC-RFC has announced a £60m portfolio sale to Derbyshire Home Loans Limited (DHLL), a subsidiary of the Derbyshire Building Society.

The deal is the second this year between the two organisations. In June, DHLL acquired a similar portfolio from GMAC-RFC, valued at £54m. Stephen Hynes, capital markets director at GMAC-RFC, said: ‘We are delighted that the Derbyshire has partnered with us for a second portfolio acquisition, and we are looking to establish similar relationships with other clients. This type of sale is becoming increasingly popular in the UK mortgage industry, and the creator and trader technique is revolutionising the market.’

GMAC sees sales as a ‘win-win’ situation for all parties, launching mortgage products when intermediaries want them and selling the resultant assets in mixed loan pools to acquiring lenders when they need them. Acquirers obtain assets without strain on existing distribution channels or in-house processing. For borrowers, the key terms of the loans remain unchanged.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:

IFA Promotion (IFAP) IFAP, the organisation promoting the benefits of independent advice, has appo...