Residential Funding Corp., Minneapolis, has reported a record $25.3 billion issuance of mortgage- and asset-backed securities in the first half of this year.GMAC-RFC said the total included: $6.2 billion in residential subprime securities; $6.0 billion in jumbo A-quality loan securities; $4.6 billion of alternative-A securities; $1.7 billion in securities backed by second-lien products, such as home equity lines of credit, closed-end home equity loans, and loans with high loan-to-value ratios; and $6.6 billion in "program exceptions," seasoned product, and HLTV first-lien product. The company can be found online at http://www.gmacrfc.com.
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