Press Release

BuilderPower by GMAC Mortgage Names Its 2007 International Builders' Show Sweepstakes Winner

Horsham, Pa. - April 2, 2007 -

BuilderPower by GMAC Mortgage, LLC, has named the winner of its 2007 BuilderPower by GMAC Mortgage sweepstakes, offered at the International Builders' Show in February in Orlando, Fla.

Chris Prince of Nashville, Tenn., has received $20,000 towards the purchase of a General Motors vehicle, courtesy of BuilderPower by GMAC Mortgage. Prince will take delivery of a new Chevrolet Avalanche from Carl Black Chevrolet in Nashville.

"The response to our sweepstakes at the International Builders Show was overwhelming," said Heather Howerton, BuilderPower director. "Nearly 8,000 people entered the drawing by stopping by our booth. We are pleased to be able to provide Chris with the opportunity to drive away with a brand new GM vehicle."

GMAC Mortgage, a top-ten residential mortgage servicer and originator, offers the BuilderPower program to make purchasing a newly constructed home more accessible to a wide range of homebuyers. BuilderPower reflects GMAC Mortgage's continued commitment to helping homebuyers better manage the investment they make in their homes through innovative financing products and streamlining the financing process for borrowers who desire a newly constructed home. Through the BuilderPower program, GMAC Mortgage loan officers are paired with local builders to create a customized product suite of home financing solutions designed to meet the unique purchasing needs of each builder's clientele, whether they are purchasing a condominium, custom home or other type of new construction.

About GMAC Mortgage
GMAC Mortgage, LLC is among the nation's top ten residential mortgage originators and servicers. The company originates first and second lien residential mortgage loans through a nationwide network of 300 retail offices, direct lending centers, and Internet sites, http://www.gmacmortgage.com and http://www.ditech.com. GMAC Mortgage is an indirect subsidiary of GMAC ResCap (Residential Capital, LLC), 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, LLC, ditech.com, GMAC Bank, GMAC Real Estate, and Homecomings Financial, LLC -- 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 Financial Services. GMAC Financial Services is 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. For more information, please go to http://www.gmacfs.com.

Back to Press Releases