RBS Greenwich Capital has announced that it will not purchase or provide financing for high-cost, covered, manufactured housing, or certain refinance loans originated in New Jersey on or after Nov. 27 if a pending law takes effect in its current form."Unless the New Jersey Act is amended, this would limit the New Jersey loans that RBS Greenwich purchases and finances to purchase money and rate/term refinance loans that are neither high-cost or covered loans," the company said. RBS Greenwich Capital can be found online at http://www.gcm.com.
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