Press Release

GMAC MORTGAGE APPOINTS DAVE STADLER SENIOR VICE PRESIDENT

Horsham, PA - August 1, 2005 - GMAC Mortgage today announced that Dave Stadler has joined GMAC Mortgage as senior vice president. In his new position, Mr. Stadler will lead the company's LendScape project - an effort to implement a common origination platform across all of its lending channels. He will report to Jim Ferriter, executive vice president, retail lending and GM Direct.

Mr. Stadler joins GMAC Mortgage from Chase Home Finance where he held the position of senior vice president, program management. Prior to joining Chase Home Finance, Stadler spent almost 25 years as a consultant to the financial services industry. He spent 20 of those years at Accenture, where he was a partner in the financial services industry practice.

"We are very excited to welcome Dave to the GMAC Mortgage team," said Jim Ferriter, executive vice president, retail lending and GM Direct. "Dave's wealth of experience in conceiving and leading large-scale technology initiatives in the mortgage industry will be an asset to the company as we forge ahead with the LendScape project."

"I am very excited to join the GMAC Mortgage team," said Mr. Stadler. "I am confident that LendScape will be integral to the continued growth of GMAC Mortgage and I am excited to apply my experience in creating and managing business processes and technology to this important project."

Mr. Stadler will be based in the Company's headquarters in Horsham, Pennsylvania.

About GMAC Mortgage
GMAC Mortgage Corporation, headquartered in Horsham, Pa., originates first and second lien residential mortgages through a nationwide network of retail offices, direct lending centers and Internet sites under the brands gmacmortgage.com and ditech.com. The company services loans for 2 million customers throughout the nation.

Back to Press Releases