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Stephen Dupont
952-857-6643
Customers please call 1-800-713-4933

ditech.com Names Powers as General Manager

Costa Mesa , Calif. , September 27, 2006 – ditech.com® (www.ditech.com), a leading direct mortgage lender, has named Richard D. Powers as Senior Vice President and General Manager.

Powers joins ditech.com from Metrociti Mortgage Corporation, where he served as president of the company's Western Division. Prior to Metrociti, Powers served as president of KB Home Mortgage where he managed the captive mortgage business, which included responsibility for that company's consumer direct subsidiary. He also served as president and chief executive officer of Charter One Mortgage Corporation for seven years.

"Rick is a proven leader in the financial services industry with demonstrated experience in mortgage lending," said Jim Hillsman, Executive Vice President of Business-to-Consumer Operations of Residential Capital Corporation's Residential Finance Group. "We look forward to Rick's contributions to ditech.com as we aim not only to sustain our growth, but to also ensure that we continue to empower consumers by providing them with the home financing products and tools they need in the most convenient way possible."

Powers earned a Bachelor of Arts degree from Excelsior College in Albany, N.Y. and an M.B.A. from the University of Chicago Graduate School of Business.

About ditech.com

Founded in 1995, ditech.com® (http://www.ditech.com), based in Costa Mesa, Calif., is a business unit of Residential Capital Corporation, a leading real estate finance company. ditech.com delivers excellent customer service along with the security of being part of one of the largest mortgage companies in America. ditech.com offers consumers a variety of products, including first mortgages, variable equity lines of credit and no closing cost equity seconds. ditech.com's online capabilities allow customers to communicate with knowledgeable loan agents from home, work or on the road, 24-hours a day, 7-days a week.

Residential Capital Corporation is a leading real estate finance company, focused primarily on the residential real estate market in the United States, Canada, Europe and Latin America. The company's diversified businesses – GMAC-RFC, GMAC Mortgage, ditech.com, GMAC Bank, GMAC Real Estate GMAC-RFC Securities and Homecomings Financial – cover the spectrum of the U.S. residential finance industry, from origination and servicing of mortgage loans through their securitization in the secondary market. We also provide capital to other originators of mortgage loans, residential real estate developers, resort and timeshare developers and healthcare companies. Residential Capital Corporation is an indirect wholly owned subsidiary of GMAC Financial Services (GMAC LLC). For more information about our company, visit http://www.rescapholdings.com.

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ditech.com Enhances Paperless Mortgage Experience for Consumers

eWelcome Provides Speed and Convenience to Mortgage Application Process

Costa Mesa , Calif. , May 31, 2006 – Mortgage consumers are now another step closer to a completely paperless mortgage experience with new enhancements offered by ditech.com, a leading direct mortgage lender. With its eWelcome service, mortgage consumers throughout the United States can securely review, verify and approve mortgage documents via the Internet right up to closing – all from the comfort of their home or office. These enhancements move ditech.com consumers closer to a completely paperless mortgage experience.

eWelcome, an eLynx-powered service, adds a new element of speed and convenience to the mortgage application and approval process by allowing customers to receive and review mortgage documents at any time and from any location where they have an Internet connection. eWelcome speeds the mortgage process for consumers by avoiding the traditional delays of several days incurred in sending documents via mail or delivery service from borrower to lender.

Through eWelcome, ditech.com customers can opt to eliminate the need to receive paper statements, disclosures and similar documents, and instead receive a personalized email with a secure, password-protected link that allows them to access, download and eSign their application paperwork instantly via the Internet. Customers can then utilize eWelcome 's e-delivery service to review and return proof of acceptance of disclosure documents such as the application, Good Faith Estimate and Truth-in-Lending. Since its inception in April 1, 2005, 56,000 ditech.com customers have opted to use an aspect of the eWelcome service. Based on this response, the company expects that more than half of its mortgage applications will be processed using eWelcome by June 30, 2006.

"We are excited to provide a paperless mortgage experience to our customers," said Mike McCarthy , general manager, ditech.com. "Our customers tell us that they value the speed, ease and convenience in the mortgage process, and value certainty at the closing table. We are proud to lead the industry by bringing our customers innovative products and services such as eWelcome that give them the control, speed and convenience throughout the mortgage process they demand. We look forward to continuing our drive towards a 100% paperless mortgage process, for both consumers and lenders."

In addition to simplifying the lending process, eWelcome provides customers with the added confidence of knowing that they are getting the rates they were promised with no hidden costs or fees. The final step toward a completely paperless mortgage process will be the implementation of compliance measures for the acceptance of electronic documentation across the mortgage industry.

The traditional paper process will continue to be available to those consumers who prefer it.

Consumers can choose to receive, approve and return all documents electronically; to receive documents electronically, and print, approve and return paper copies; or to receive, approve and return all documents in paper format. Homeowners interested in learning more about how ditech.com uses the electronic signature process can visit their website at www.ditech.com.

About eLynx

eLynx, based in Cincinnati , Ohio , enables businesses to improve workflow and deliver dramatic cost savings by automating paper-intensive processes that quickly integrate with your existing business systems. The company's innovative solutions ensure compliance with evolving industry regulations and standards, while maintaining data electronically throughout the document lifecycle. The nation's top financial services enterprises rely on eLynx to communicate with customers and collaborate with business partners quickly, securely and reliably. For more information, about eLynx visit www.elynx.com . It's time to Enter the World of e .

About ditech.com

Founded in 1995, ditech.com®, based in Costa Mesa, Calif., a business unit of Residential Capital Corporation, a leading real estate finance company, which is an indirectly owned subsidiary of General Motors Acceptance Corporation (GMAC). ditech.com delivers excellent customer service along with the security of being part of one of the largest mortgage companies in America . Ditech.com offers the consumer a variety of products, including first mortgages, variable equity lines of credit and no closing cost equity seconds. The online capabilities allow the customer to communicate with knowledgeable loan agents from home, work or on the road.

Residential Capital Corporation is a leading real estate finance company, focused primarily on the residential real estate market in the United States , Canada , Europe and Latin America . Our diversified businesses -- GMAC-RFC, GMAC Mortgage, ditech.com, GMAC Bank, GMAC Real Estate GMAC-RFC Securities and Homecomings Financial -- cover the spectrum of the U.S. residential finance industry, from origination and servicing of mortgage loans through their securitization in the secondary market. We also provide capital to other originators of mortgage loans, residential real estate developers, resort and timeshare developers and healthcare companies. Residential Capital Corporation is an indirect wholly owned subsidiary of General Motors Acceptance Corporation (GMAC). For more information about our company, visit https://www.rescapholdings.com .

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ditech.com Golf Tournament Increases Support for Orangewood to almost $500,000

Santa Ana, CA, June 28, 2005 - ditech.com is raising the bar, or should we say "golf club," for Orange County's abused and neglected children. The company, a direct mortgage lender headquartered in Costa Mesa, held its second annual charity golf tournament last month at Strawberry Farms and set an impressive goal of increasing by 30% the prior year's proceeds of $150,000 for Orangewood Children's Foundation. The company's efforts paid off. It exceeded the goal, raising $232,000 for Orangewood.

Of the proceeds from the golf tournament $200,000 will be donated to the foundation for scholarships so that more former foster youth in Orange County can achieve their dreams of a college education. "ditech is an incredible corporate partner for our kids. Their amazing results from this golf tournament alone will help more than 30 young adults attend college this Fall...kids who have no family support and few financial resources," said Gene Howard, the foundation's Executive Director and C.E.O.

The balance of the money will be used to purchase indoor/outdoor movie equipment plus arcade games for Orangewood Children's Home, the county's emergency shelter. Said Rick Bazant, Community Program Specialist at the Home, "ditech's gift will allow our children to have the same fun experiences that many of us had growing up - movie nights together indoors or out and the latest arcade games - for years to come."

ditech continues to support Orangewood in other capacities too. It recently hired another Orangewood former foster youth after General Manager, Mike McCarthy, heard the youth share his story of educational hurdles in pursuing a college education at the foundation's annual meeting. And as the sponsor of the golf ball drop contest at the recent KLOS Mark & Brian Golf Tournament, the company selected the foundation to be the recipient of the proceeds of the $100 entry fee. Orangewood received $59,000 from that event. In total, ditech's support of Orangewood has totaled almost $500,000.

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ditech.com Continues its Commitment to Children in 2005
-- ditech.com Golf Tournament Raises $230,000 for Orangewood Children's Home -
-- ditech.com Contributes $50,000 to Dr. Phil's "Beat the Odds" Program -

SANTA ANA, June 21, 2005 - ditech.com, a leading direct mortgage lender, is continuing its long-time commitment to helping children in 2005 and beyond. The company has already made an immediate and significant difference this year by contributing approximately $300,000 to improve the lives of children locally and nationally.

"ditech.com continues to give back to the community by supporting causes that address the issues affecting our children today. We participate in a variety of events on both a grassroots and national level, and I am proud of the contributions ditech.com and its employees have made," said ditech.com General Manager Mike McCarthy. "I believe that organizations like Orangewood Children's Home and Dr. Phil Foundation are setting the standard for children's charities and I am happy that ditech.com can be a part of it."

Over the years, ditech.com has encouraged employees, vendors and partners to offer their time and financial contributions to important children's causes. Since the beginning of 2005, ditech.com has contributed to various children and related charities including:

•  March of Dimes: The mission of the March of Dimes is to improve the health of babies by preventing birth defects and infant mortality.
•  Dr. Phil's "Beat the Odds": The Dr. Phil Foundation is committed to helping children and families at risk, rewarding remarkable children who are working hard to overcome tremendous obstacles.
•  Habitat for Humanity: Since inception, Habitat for Humanity International has built and rehabilitated more than 150,000 homes for families in need, becoming a true world leader in addressing the issues of lower income housing.
•  Susan B. Komen: For more than 20 years, the Susan G. Komen Breast Cancer Foundation has been a global leader in the fight against breast cancer.
•  Orangewood Children's Foundation: Founded in 1981, Orangewood Children's Foundation provides an innovative array of programs and services for children in foster care, foster teens transitioning into independent adulthood and children at the Orangewood Children's Home, the county's emergency shelter for abused and neglected children.

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ditech.com Launches the Ultimate Racing Room II Contest
-- Brian Vickers Delivers the $50,000 Grand Prize to Your Door -

Costa Mesa, CA, April 4, 2005 - ditech.com, a leading direct mortgage lender, today announced the return of their nationwide Ultimate Racing Room contest. Beginning today, race fans and home decorating enthusiasts across the country can visit www.ditechracing.com and compete for the grand prize, valued at $50,000.

The ditech.com Ultimate Racing Room Challenge II contest runs from April 4 through May 31, 2005. To enter, contestants can visit ditechracing.com, create their own Ultimate Racing Room and submit their entry with a short description for consideration by a panel of judges. Each participant is automatically entered in a weekly sweepstakes to win an autographed die-cast replica of Vickers' No. 25 GMAC/ditech.com Chevrolet Monte Carlo. One grand prize winner will be chosen from all qualified entries to receive a $50,000 room remodel courtesy of ditech.com.

"Home improvement is an important growth driver for ditech, which makes the Ultimate Racing Room II contest a natural fit for our business," said ditech.com General Manager Mike McCarthy. "Last year's response was tremendous, with more than 100,000 existing and potential customers visiting the ditech website. I'm excited to bring the Ultimate Racing Room back to consumers again this year."

This year's Ultimate Racing Room features a new online room-building tool to make it even easier to create a room to enter, and provides more options to customize a room than ever before. Each week, ditechracing.com will also feature personal Ultimate Racing Rooms from Brian Vickers, Jeff Gordon and other Hendrick Motorsports drivers. Racing fans can visit the website to access exclusive downloads of Brian Vickers and the No. 25 GMAC/ditech.com Chevrolet.

"It was great being a part of the inaugural promotion and being able to provide my own ideas for the Ultimate Racing Room. ditech.com really delivered and I expect this year's contest to be even bigger and better," said Brian Vickers.

In 2005, ditech.com has again partnered with other GMAC business units to sponsor the No. 25 team. Vickers competed as a rookie in the NEXTEL Cup Series in 2004, ending the season with two pole positions and four top-10 finishes. The Thomasville, N.C., native joined Hendrick Motorsports in December 2002 and captured the 2003 Busch Series championship, becoming NASCAR's youngest-ever champion at age 20.

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ditech.com Launches $49 Flat Fee for Home Equity Loans - First of its Kind

Costa Mesa, CA, February 1, 2005 - ditech.com, a direct mortgage lender, today announced the $49 Flat Fee home equity loan. ditech.com, a leader of flat fee closing cost packages for home purchases and refinancing, is the first mortgage lender to extend the concept to home equity loans with the $49 Flat Fee. The $49 Flat Fee home equity loan allows consumers to quickly and easily borrow up to 100% of the equity they have built in their homes.

"The tremendous success of our $395 Flat Fee mortgage product for refinancing and home purchase has proved that there is a strong appetite for guaranteed closing cost products. That's why we've extended the Flat Fee concept to home equity loans with our $49 Flat Fee, allowing the consumer to have greater certainty at the closing table while leveraging the equity in their homes that they have worked so hard to build," said Mike McCarthy, general manager, ditech.com. "As consumers are increasingly looking to access the equity in their homes, ditech.com has made the process simple and affordable, allowing homeowner's to access capital for any needs they may have."

The $49 Flat Fee product allows borrowers to come to the closing table prepared, knowing the closing cost on their loan in advance. The average closing costs for other ditech.com home equity loans is approximately $444.81. According to Bankrate.com, home equity loan originations climbed 35% in 2004 to $431.3 billion. ditech.com's product is designed to meet this growing demand amongst homeowners for a simpler way to leverage their home equity. Common uses of home equity include consolidating debt, funding education, and making home improvements, all at a lower interest rate than is available with credit cards or other unsecured debt.

The $49 Flat Fee home equity product applies to home equity loans and owner-occupied single family residential properties. The $49 charge is assessed to cover the cost of the title search. The borrower is responsible for mortgage tax, appraisal fees that exceed $300, new loan interest costs, outstanding property liens, property taxes, property insurance, association fees, seller fees if any, optional owner's title insurance, and certifications. Homeowners interested in taking advantage of the $49 Flat Fee home equity product can visit www.ditech.com or call 1-800-873-7891.

Founded in 1995, ditech.com is a direct mortgage lender and a business unit of GMAC Mortgage. The company has grown into a full service corporation that provides home loans with competitive rates and the highest level of customer care to consumers nationwide. Headquartered in Costa Mesa, California, ditech.com is part of the General Motors family, offering the strength and stability that comes from one of the world's largest corporations.

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ditech.com partners with Orangewood Children's Foundation with fundraising events and employee involvement.

SANTA ANA, August 4, 2004 -ditech.com, a direct mortgage lender headquartered in Costa Mesa, is helping Orange County abused children served by Orangewood Children's Foundation in a big way. The company is making an immediate and significant difference in the lives of these children. ditech's recent golf tournament raised $150,000 for Orangewood, one of the largest single corporate gifts received by the charity. The company has committed to making it an annual event for the foundation. In addition to the golf tournament, within the last year alone ditech.com has brought guest speakers to Orangewood Children's Home, invited foster teens to an employee luncheon and even created an internship for former foster youth.

The idea of a partnership with a local charity came from General Manager, Mike McCarthy. "As an organization, we had been supporting a variety of different charities. I felt that ditech.com could make more of a difference in the community if we focused our efforts. We decided to select a charity that was doing great things for kids and Orangewood Children's Foundation was an obvious choice for us. Because of their leadership in Orange County, Orangewood has been able to provide programs that set the standards for the rest of the nation."

Since that time last summer, ditech.com has rallied employees at all levels in the company and even vendors who have offered their time and financial contributions to the foundation. Said Gene Howard, Orangewood's Chief Executive Officer, "We have been delighted by the support ditech.com has shown to Orangewood and our kids. Their level of commitment has been incredible. They are a great example of the many ways a business or corporation can support a worthy cause."

ditech's support of Orangewood Children's Foundation has included:

August 2003: NASCAR Busch Series drivers Kyle Busch and Brian Vickers, both sponsored by ditech, spoke to the abused and neglected children temporarily residing at the Orangewood Children's Home. The next day the drivers visited with Orange County foster teens served by Orangewood Children's Foundation at ditech's "Employee Appreciation Day" employee luncheon. The two young drivers are not much older than many foster youths. At the time Busch was just 18 years old and Vickers was 19. They answered questions, gave autographs and posed for photos with the teens.

December 2003: A ditech.com employee lunch raised $2500 to purchase toys for abused and neglected children served by Orangewood.

January 2004: ditech.com began an internship program for former Orange County foster youths selected by the foundation. The paid internship, which lasts for one semester, gives the young adult exposure to the lender's business operations with the hope of full employment with the company. The intern begins in the Human Resources department and obtains general office experience. From there, he or she is assigned to one of the company's departments based on Human Resource's assessment of their skills.

May 2004: The company's first annual corporate golf tournament expanded its previous employee golf tournament and raised $150,000 for Orangewood (exceeding company expectations by 50%). One hundred fifty corporate vendors played in the tournament.

Orangewood Children's Foundation, founded in 1981, is a private, nonprofit organization that provides an innovative array of programs and services for children in foster care, foster teens transitioning into independent adulthood and children at the Orangewood Children's Home, the county's emergency shelter for abused and neglected children. In addition, the Foundation offers special programs designed to strengthen at-risk families and break the generational cycle of abuse.

Founded in 1995, ditech.com is a direct mortgage lender and a business unit of GMAC Mortgage. The company has grown into a full service corporation that provides home loans with competitive rates and the highest level of customer care to consumers nationwide. Headquartered in Costa Mesa, California, ditech.com is part of the General Motors family, offering the strength and stability that comes from one of the world's largest corporations.

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ditech®.com Launches Ultimate Racing Room Challenge™

INDIANAPOLIS, May 1, 2004 -ditech.com will launch its Ultimate Racing Room Challenge fan contest on Saturday, May 1 in support of Brian Vickers™ and the Hendrick Motorsports No. 25 GMAC Financial Services Chevrolet.

The Ultimate Racing Room Challenge provides homeowners the opportunity to use online tools available at www.ditechracing.com to design their own racing room and submit it along with a 50-word essay on why they deserve an Ultimate Racing Room in their home.

The contest will run from May 1 through Aug. 20 with a winner selected each month by an independent panel of judges. The panel will then choose a grand-prize winner from the four monthly nominees. That lucky fan will get an Ultimate Racing Room, designed by Vickers, built in their home.

The build-out of the room and a racing-themed party with Vickers will be filmed for airing on SPEED Channel in 2004. In addition, weekly winners will be chosen at random to receive prizes.

"Racing fans are going to have a blast designing their ultimate racing room," said Phil Armstrong, vice-president of marketing at ditech.com. "We've made the online room builder to be fast and easy. If you can drive a ‘mouse', you can create the ultimate racing room in a matter of minutes."

Commercials featuring Vickers and the No. 25 GMAC Chevrolet will air throughout the course of the Ultimate Racing Room Challenge, encouraging fans to log on to www.ditechracing.com and design their room, featuring one-of-a-kind items like a hood from the No. 25 car and a replica Vickers helmet.

"I think the Ultimate Racing Room Challenge is a great idea," Vickers said. "NASCAR fans are second to none when it comes to showing their support for their favorite driver and the sport.

"I'm looking forward to seeing what some of these designs look like and coming up with my own."

ditech.com will feature a new celebrity-designed room each month. Vickers will unveil his design May 1st.

ditech.com will also be participating in the Hendrick Fan Festival in 2004, celebrating 20 years of Hendrick Motorsports. The festival, which runs from May 26 through May 28, will allow fans up close and personal access to the Hendrick Motorsports complex. ditech.com will be on site to promote the Ultimate Racing Room Challenge and ditech's ability, through easy online loans, to make an Ultimate Racing Room a reality in any home.

In 2003, ditech.com sponsored Hendrick Motorsports driver Kyle Busch in the ARCA Series and NASCAR Busch Series. For 2004, ditech.com has partnered with other GMAC business units to sponsor Vickers as he competes in the NASCAR NEXTEL Cup Series. The Thomasville, N.C., native joined Hendrick Motorsports in December 2002 and captured the 2003 Busch series championship, winning three races and becoming NASCAR's youngest-ever champion at age 20.

Important Ultimate Racing Room Challenge Dates*
• May 1 : Ultimate Racing Room Challenge Launches
• June 6 : May winner chosen
• July 7 : June winner chosen
• Aug. 8 : July winner chosen
• Aug. 20: Promotion Ends, Grand Prize winner selected.
• Sept. 5 : Ultimate Racing Room Grand Prize winner announced
• September/October: Build-out of room in grand prize winner's house
• November: Airing of Ultimate Racing Room build-out and party on SPEED Channel
*All dates subject to change without notice

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Media Contact

Stephen Dupont

Telephone:
952-857-6643

Customers please call
800-713-4933