The whole package

Whole loan trading has become an integral component of the UK secondary mortgage market, with sales growing year on year and an increase in the number and mix of players entering the market. Volumes of trades have risen from £1 billion ($2 billion) in 1997, to £10 billion last year and stayed buoyant for the first half of 2007.

Craig Beresford, director of asset sales at GMAC-RFC in the UK, estimates first-quarter volumes to be in the region of £6 billion, with roughly 25 portfolio trades, about

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