Press Release

ditech.com Offers Free Year of Mortgage Payments in $25,000 ditech.com Sweepstakes

Minneapolis - October 17, 2006 -

ditech.com, one of the nation's most well-knkown direct mortgage lenders, is offering homeowners the opportunity to win a year's worth of mortgage payments (up to $25,000) in its 2006 ditech.com Home Mortgage Sweepstakes.

Homeowners have up to Dec. 31, 2006 to enter the drawing by registering at http://www.ditech.com/sweepstakes06. The grand-prize winner will receive one year of free mortgage payments (principal and interest only) up to a total of $25,000. An additional 100 first-prize winners will be selected to win a $50 VISA gift card.  Winners will be selected in a random drawing on or about Jan. 15, 2007.  

 "This has been an enormously popular event at ditech.com, and we are pleased to offer it again in 2006," says Rick Powers, senior vice president and general manager of ditech.com, a business unit of GMAC Mortgage, one of the nation's largest mortgage lenders.  ?Imagine if you will -- $25,000 toward paying down your mortgage.  Imagine the freedom and peace of mind that could offer.  That's what ditech.com is about: helping homeowners take control of their finances by offering real estate finance products that are delivered quickly, securely and direct to the homeowner, 24 hours a day, seven days a week."

 Based in Orange County, Calif., ditech.com is one of the most recognized mortgage lenders in the United States.  The company originates thousands of loans every year and has grown into a full-service company that provides home loans with competitive rates and among the highest levels of customer care to consumers nationwide. ditech.com is dedicated to delivering new services and technology, such as flat closing fees and electronic mortgages, that enhance a customer's ability to easily access financing from the convenience of their home or workplace.

 According to Powers, the sweepstakes drawing is available to all legal residents in the U.S. (excluding Puerto Rico, overseas military installations and other U.S. territories), who are 18 years of age or older and hold a valid U.S. driver's license.  No purchase is necessary to enter the sweepstakes.  

 "In addition to entering the sweepstakes, we offer current customers the opportunity to complete a short survey and let us know how we did in helping them with their home financing needs," Powers added.  "Exceptional customer service is essential to our continued growth.  Obtaining feedback directly from our customers helps us offer better products and services that make obtaining a loan from us even easier, faster and friendlier."

 To enter the sweepstakes, eligible consumers may either complete an entry online at http://www.ditech.com/sweepstakes06 or by mail to: ditech.com, P.O. BOX 546, Bloomfield Hills, MI 48303-9905.  All entries must be received by midnight, Pacific Standard Time, Dec. 31, 2006. 

 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 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 (http://www.rescapholdings.com) 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, 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. It also provides 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).   

 ditech.com is a licensed mortgage lender as well as an Equal Housing lender.

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