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GMAC Financial Services Schedules Release of 2008 Third Quarter Financial Results


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NEW YORK, Nov. 3, 2008: GMAC Financial Services has scheduled the release of its 2008 third quarter financial results for Wednesday, Nov. 5, 2008. The press release, including financial highlights, will be issued at 8 a.m. EST via PR Newswire and the GMAC Financial Services media Web site (media.gmacfs.com) and the Residential Capital, LLC (ResCap) news site

GMAC Chief Financial Officer Robert Hull will host a conference call at 9 a.m. EST to review the company's performance. The call is expected to last approximately 30 minutes.

Conference Call Information: Dial 866-383-8119 (or 617-597-5344 for international access) at least 10 minutes prior to the start time and enter the participant code 70467128.

The conference call will also be webcast live on:

GMAC's Investor Relations Web site in the Presentations section: GMACFS and

ResCap's Investor Relations Web site in the Presentations section: RESCAP HOLDINGS.

The press release, including financial highlights and the presentation will be posted in the Presentations section of both GMAC's Investor Relations Web site and ResCap's Investor Relations Web site on Wednesday, Nov. 5, 2008 at approximately 8 a.m. EST.

Archive: A taped replay of this call will be made available from 11 a.m. EST, Nov. 5, 2008, until 5 p.m., Nov. 12, 2008. Please dial 888-286-8010 (or 617-801-6888 for international access) and enter participant code 44317852 to access the taped replay. A replay of the webcast will also be made available on the GMAC Investor Relations Web site and the ResCap Investor Relations Web site.