What does REFCORP stand for?

Conforming the nonconforming" has been the GMAC-RFC mantra since its founding in 1982 as Resolution Funding Corporation, and that concept--modified for each overseas market--so far has worked worldwide.

6 billion in 1989) and to transfer to the Resolution Funding Corporation (REFCO) any net proceeds it receives from sales of assets acquired from the RTC upon termination of the RTC (on or before December 31, 1996).

government and (iii) direct obligations of any of the following federal agencies (which are not fully guaranteed by the full faith and credit of the United States of America) which are rated 'Aaa' by Moody's and 'AAA' by S&P: Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Resolution Funding Corporation (REFCORP) and Federal Home Loan Bank System.

and direct non-callable interest strips of the Resolution Funding Corporation Causey Demgen & Moore, Inc.

and the Resolution Funding Corporation and senior unsubordinated obligations of FNMA, the Federal Home Loan Mortgage Corporation, and the Federal Farm Credit System.

and the Resolution Funding Corporation and senior unsubordinated obligations of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Farm Credit System.

and direct non-callable interest strips of the Resolution Funding Corporation.

LLC, whereby investors gain exposure to a yield-enhanced, zero-coupon bond issued by Resolution Funding Corporation ('RefCorp Zero').