Saturday, September 1, 2007

Do B&B hold most of the cards in the UK version of ‘liars poker’?

GMAC complete their largest ever portfolio sale to B&B

GMAC-RFC announces its largest ever portfolio sale in its five year trading history to Bradford and Bingley... This is the fifth transaction of 2007 and forms part of the forward sale agreement between the two parties. This £1.1 billion deal comprises of prime, self cert and buy to let assets and was completed on the 31st August 2007. To mark the success, this is GMAC-RFC's 100th portfolio sale

Posted by converted lurker @ 07:59 AM (602 views)
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3 thoughts on “Do B&B hold most of the cards in the UK version of ‘liars poker’?

  • tyrellcorporation says:

    I sold my shares in B&B a year ago. They look particularly exposed, as do Northern Rock. It’s time to take a long hard look at where your money is stashed and work out who is most likely to get into trouble.

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  • What about the Halifax ?
    Was the loss in Market share actually a good thing – Had they had tightened up their lending criteria earlier than the rest ? And therefore are more likely to survive?

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  • sirgoogle – exactly my thoughts – but they could never admit that fact publicly.

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