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Minneapolis-Residential Funding Securities Corp., which issued its first 125% loan-to-value securitization this year, plans to grow the volume of securities backed by this product type.
Warren Loken, director of corporate and investor relations, said that Residential Funding Corp.'s securitization affiliate has issued only one $157.7 million deal backed by 125 LTV mortgages.
But that volume is likely to increase soon.
"It certainly is a product we are looking to grow," he said.
Mr. Loken said RFC's first high LTV securities were primarily...