Homecomings Financial

• GMAC Financial Services (GMAC) today announced several senior executive changes at its real estate finance operations, Residential Capital, LLC (ResCap). GMAC said today that ResCap's Chief Executive Officer Bruce Paradis will retire on June 1, 2007, capping a 24-year career at GMAC.

• Homecomings Financial, LLC and Calyx Software®, makers of Point® loan origination software, have significantly enhanced the integration of Assetwise Direct, Homecomings Financial's automated loan evaluation system, with Point to make it easier for brokers to do business with Homecomings Financial on an automated basis.

• Residential Capital, LLC, (GMAC ResCap), a subsidiary of GMAC Financial Services and one of the nation's largest real estate finance companies, has named William F. Casey as treasurer, effective April 2, 2007.

  About GMAC ResCap: GMAC ResCap (Residential Capital, LLC) is a leading real estate finance company, focused primarily on the residential real estate market in the United States, Canada, Europe, Australia and Latin America. The company's diversified businesses -- GMAC-RFC, GMAC Mortgage, ditech.com, GMAC Bank, GMAC Real Estate, 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. GMAC ResCap also provides capital to other originators of mortgage loans, residential real estate developers, resort and timeshare developers and healthcare companies.

  GMAC ResCap (http://www.gmacrescap.com) is an indirect wholly owned subsidiary of GMAC LLC, a global, diversified financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses. GMAC was established in 1919 and currently employs about 31,400 people worldwide. At Dec. 31, 2006, GMAC held more than $287 billion in assets and earned net income for 2006 of $2.1 billion on net revenue of $18.2 billion.

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