Residential Capital Corporation to Conduct Investor Forum

Residential Capital Corporation, a leading, global real estate finance company, will conduct its first-ever information forum for institutional investors and analysts on Tuesday, Dec. 6, 2005.

The event will be conducted at the Pierre Hotel in New York City and is scheduled to begin at 1 p.m. EST and to end at approximately 5:30 p.m.

The forum will include presentations about the company's business by CEO Bruce Paradis, COO David Applegate, CFO Davee Olson, Treasurer Louise Herrle, and other Residential Capital Corporation business leaders.

Seating for the event is limited. For more information about attending the event in person, institutional investors and analysts should visit www.rescapholdings.com.

A live video webcast of the event is available as an alternative to attending the event and can be accessed by the public. The webcast can be viewed at the company's web site. The dial-in information for the live event is: 866.770.7146 (United States) and 617.213.8068 (international), passcode 52230622. The webcast will be archived on the company's web site for 30 days. The replay dial-in number is 888-286-8010 (United States) and 617-801-6888 (international), passcode 28823048.

About ResCap

Residential Capital Corporation 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 and Homecomings Financial -- cover the spectrum of the residential finance industry, from origination and servicing of mortgage loans through their securitization on the secondary market. The company 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 General Motors Acceptance Corporation (GMAC). For more information about Residential Capital Corporation, visit https://www.rescapholdings.com.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.