Press Release

Residential Capital, LLC Announces Pricing of $1.25 Billion Debt Issuance

Minneapolis, MN - December 4, 2006 -

Residential Capital, LLC (ResCap) announced today the pricing of $1.25 billion principal amount of floating-rate Notes due June 2008.

The sale of the notes is expected to close on December 7, 2006, subject to customary closing conditions. The senior notes issued will be guaranteed by certain of ResCap's subsidiaries.  

Legal Notice

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities in any jurisdiction in which such offer, solicitation or sale is unlawful. A shelf registration statement was previously declared effective by the Securities and Exchange Commission (SEC) and a prospectus supplement relating to the offering of the notes has been filed with the SEC. The offering of the securities will be made only by means of the prospectus supplement, a copy of which may be obtained from Bear, Stearns & Co. Inc., 383 Madison Avenue, New York, NY 10179; BNP Paribas, 787 Seventh Avenue, New York, NY. 10019.; and Lehman Brothers Inc., 745 Seventh Avenue, New York, NY 10019, Attn: High Grade Fixed Income Syndicate.

This announcement contains forward-looking statements relating to our business and its financing plans. Words such as "intends" or "planning" may be used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. There is no assurance that either of the above offerings will be completed or completed as described above. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements.

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, Latin America and Australia. The company's diversified businesses -- GMAC-RFC, GMAC Mortgage, ditech.com, 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, LLC is an indirect wholly owned subsidiary of GMAC LLC.

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