Press Release

LOAN CENTER OF CALIFORNIA CHOOSES GMAC MORTGAGE AS INTERIM SUBSERVICER

Minneapolis, MN - November 28, 2006 -

GMAC Mortgage, LLC, the nation's third largest subservicer, will handle interim subservicing for Loan Center of California, Inc. (LCC).

Headquartered in Suisun City, Calif., LCC is a wholesale mortgage company specializing in MTA (Monthly Treasury Average) and LIBOR (London Interbank Offered Rate) payment option ARMs, as well as Alt-A first and second home loans originated within the state of California. GMAC Mortgage will provide interim subservicing for LCC's complete portfolio of Alt-A payment option ARMs and HELOCs.

"We chose GMAC Mortgage for its unique expertise in servicing alternative loan products," said Ed Blanch, president and CEO of LCC.  "As we grow and expand our market beyond California, it is imperative that we partner with a respected, market-leading subservicer."

GMAC Mortgage provides servicing for the majority of LCC's investors, allowing for smoother servicing transfers and reduced expenses. 

"By partnering with us, LCC will realize many benefits," said Tom Donatacci, senior vice president of business development at GMAC Mortgage.  "When using these common investors, the loans do not require deboarding from our servicing system.  This creates an easier transfer management process, including ensuring RESPA compliance, reducing first payment default issues and increasing customer satisfaction."

GMAC Mortgage had a subservicing portfolio in excess of $42.5 billion at the end of second quarter 2006, according to the National Mortgage News Quarterly Data Report. 
 
About GMAC Mortgage Subservicing
GMAC Mortgage, LLC, based in Horsham, Pa., is an indirect wholly owned subsidiary of Residential Capital, LLC (ResCap).  The company is ranked among the nation?s top ten residential mortgage servicers and originators, and is the third largest subservicer in the country.  Among its core competencies, GMAC Mortgage has established itself as a leader in the development, implementation and administration of customized subservicing programs for financial institutions, government sponsored enterprises, specialty finance companies, insurance companies, utility companies and investment banking firms.  The company offers a full range of branding options to support the servicing of multiple products, including first mortgages, home equity loans and lines and unsecured consumer credit, as well as multiple asset grades, including non-prime and non-performing loans.  For more information about GMAC Mortgage Subservicing, contact 1-877-300-GMAC or visit http://www.gmacsolutions.com. GMAC Mortgage is a licensed mortgage lender and an Equal Housing Opportunity Lender.

About Residential Capital, LLC
Residential Capital, LLC (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. Our diversified businesses -- GMAC-RFC, GMAC Mortgage, LLC, 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. We also provide capital to other originators of mortgage loans, residential real estate developers, resort and timeshare developers and healthcare companies. Residential Capital, LLC is an indirect wholly owned subsidiary of GMAC LLC. 

About Loan Center of California, Inc.
Loan Center of California, Inc., a privately held mortgage bank based in Northern California, is a leader in mortgage technology, and utilizes state-of-the-art production technology (Rateprice.com and eNegAm.com) that is proprietary and patent pending.  These production portals presently have over 10,000 registered users in the state of California alone.  Additionally, the company utilizes proprietary enterprise class data management technology. Loan Center of California specializes in Alt-A niche and payment option ARM combo transactions, and has experienced a tremendous growth curve over the past six years with consecutive year-over-year production increases since 2000. The company has exceptional investor and warehouse relationships. For brokers looking for more information, please visit http://www.rateprice.com or http://www.eNegAm.com.  Additional information can be found at http://www.lccjobs.com.

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