GMAC 2008 Q3 Results Show $2.5B Loss

Preliminary
2008 Third Quarter Results
November 5, 2008
9:00 AM EDT

Contact GMAC Investor Relations at (866) 710-4623 or investor.relations@gmacfs.com

Forward-Looking Statements
In the presentation that follows and related comments by GMAC LLC (“GMAC”) management, the use of the words “expect,”
“anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,”
“evaluate,” “pursue,” “seek,” “may,” “would,” “could,” “should,” “believe,” “potential,” “continue,” or similar expressions is intended
to identify forward-looking statements. All statements herein and in related management comments, other than statements of
historical fact, including without limitation, statements about future events and financial performance, are forward-looking
statements that involve certain risks and uncertainties. While these statements represent our current judgment on what the future
may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial
results, and GMAC’s and ResCap’s actual results may differ materially due to numerous important factors that are described in
the most recent reports on SEC Forms 10-K and 10-Q for GMAC and Residential Capital, LLC (“ResCap”), each of which may be
revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors include, among others, the following:
securing low cost funding for GMAC and ResCap and maintaining the mutually beneficial relationship between GMAC and
General Motors Corporation (“GM”); our ability to maintain an appropriate level of debt; the profitability and financial condition of
GM; restrictions on ResCap’s ability to pay dividends to us; recent developments in the residential mortgage and capital markets;
continued deterioration in the residual value of off-lease vehicles; the impact on ResCap of the continuing decline in the U.S.
housing market; changes in U.S. government-sponsored mortgage programs or disruptions in the markets in which our mortgage
subsidiaries operate; disruptions in the market in which we fund GMAC’s and ResCap’s operations, with resulting negative
impact on our liquidity; uncertainty concerning our ability to access federal liquidity programs; changes in our contractual
servicing rights; costs and risks associated with litigation; changes in our accounting assumptions that may require or that result
from changes in the accounting rules or their application, which could result in an impact on earnings; changes in the credit
ratings of ResCap, GMAC or GM; changes in economic conditions, currency exchange rates or political stability in the markets in
which we operate; and changes in the existing or the adoption of new laws, regulations, policies or other activities of
governments, agencies and similar organizations. Investors are cautioned not to place undue reliance on forward-looking
statements. GMAC undertakes no obligation to update publicly or otherwise revise any forward-looking statements except where
expressly required by law. A reconciliation of certain non-GAAP financial measures included within this presentation is provided
in the supplemental charts.
Use of the term “loans” describes products associated with direct and indirect lending activities of GMAC’s global operations.
The specific products include retail installment sales contracts, loans, lines of credit, leases or other financing products. The term
“originate” refers to GMAC’s purchase, acquisition or direct origination of various “loan” products.

2
Q3 2008 GMAC Preliminary Results

Table of Contents

GMAC Page 4
Global Auto Finance Page 6
Insurance Page 10
ResCap Page 12
Liquidity and Funding Page 18
Summary Page 22
Supplemental Page 23

3

GMAC: Third Quarter 2008 Performance Highlights
Q3 2008 consolidated loss of $2.5 billion
• ResCap performance characterized by credit-related losses and limited
revenue opportunities due to deterioration in the domestic and
international housing markets
• Insurance operations remained profitable
• North America Auto Finance business negatively affected by increase in
provisions and weak economic conditions
– Residual values continue to be under pressure, leading to additional
lease impairments in Canada
GMAC ended Q3 2008 with $13.5 billion of cash and cash equivalents

GMAC ex. ResCap $6.6
ResCap* $6.9
GMAC LLC $13.5
*Includes the cash of GMAC Bank as presented on ResCap’s financial statements

4

GMAC: Net Income and Significant Items
Net Income by Segment
Q3 '08 Q3 '07
($ millions)
North America ($250) $438
International (44) 116
Global Automotive Finance (294) 554
Insurance 97 117
ResCap (1,912) (2,261)
Other* (414) (6)
Consolidated net income / (loss) ($2,523) ($1,596)
* Includes Commercial Finance operating segment, 21% ownership of former commercial mortgage unit and other corporate activities.

Notable Items (Pre-tax)
Q3 '08 Q3 '07
($ millions)
Consolidated
Goodwill Impairment (16) (455)
Auto Finance
Valuation Adjustment Auto HFS (LOCOM) and Retained Interests (223) -
Canadian Residual Impairment Charge (93) -
Credit Loss Provision for Retail Balloon Contract Residuals (240) -
Mortgage*
ResCap Gain/Loss on Investment Securities, net (42) (333)
ResCap Provision for Loan Losses (652) (881)
ResCap FX Impact (380) 1
Other
Realized Losses on Investment Securities (137) -

* These amounts are classified according to GMAC's income statement presentation (i.e., excludes Auto division of GMAC Bank).

5

Global Auto Finance: Key Metrics
($ m il)
Net Income Global Consumer Originations
($ bil)
$800 $593 Used
$17
$554 $14.5
$600 $14.0
$398 $395 New
$13.4 $12.9
$15
$258 $12.4
$400 $12.3
$137 $13 $11.3
$10.8
$200
$11
$0
$9
($200)
$7
($400) ($294)
$5
($600) $2.7
$2.3
$2.1 $2.1
$2.0 $2.0
$1.9
$1.4
$3
($800) ($717)
($1,000) $1
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08 '06 '07 '07 '07 '07 '08 '08 '08

($ bil)
Global Consumer Auto Asset Base ($ 000's)
Sales Proceeds on Consumer
Operating Lease Terminations*
$124 $122
$123
$130 $121 $20
$120 $120 $120
$115
$115 $18
$100 $86
$85
$16
$83 $84 $83 $83 $81 $77
$85
$14
$70
$55 $12
24/27 months 36 months 48 months
$40
$10
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
$8
'06 '07 '07 '07 '07 '08 '08 '08
'06 '07 '07 '07 '07 '08 '08 '08
Serviced On-Balance Sheet $6
All tables include North American and International Operations except where noted. Origination and asset base figures include auto loans and leases.
*U.S. managed portfolio only, adjusted for Q3 2008 vehicle mix.

6

Global Auto Finance: Condensed Income Statement
Q3 2008 Q3 2007
($ millions)
Revenue
Total financing revenue $3,780 $3,726
Interest expense 2,205 2,129
Depreciation expense on operating leases 1,411 1,275
Impairment of investment in operating leases 93 -
Net financing revenue 71 322
Other revenue
Servicing fees 72 97
Gain on automotive loans, net 163 248
Investment (loss) income (53) 137
Other income 691 552
Total other revenue 873 1,034
Total net revenue 944 1,356
Provision for credit losses 437 85
Noninterest expense 901 694
(Loss) income before income tax expense (394) 577
Income tax (benefit) expense (100) 23
Net (loss) income ($294) $554
7

Global Auto Finance: Consumer Auto Loss Trends
Global Annualized Credit Losses
as % of Managed Retail Contracts
1.6% 1.55%

1.5% 1.40%
1.34%
1.4%
1.3% 1.22%
1.13%
1.2% 1.05%

1.1% 1.01%

1.0% 0.92%

0.9%
0.8%
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08

North Asia Latin
Net Retail Losses (% Avg Assets) America Europe Pacific America Global
Q3 2008 1.90% 0.28% 0.70% 1.52% 1.55%
Q3 2007 1.19% 0.41% 0.35% 0.74% 1.01%
Year over Year Change +71bps -13bps +35bps +78bps +54bps

8

Global Auto Finance: Auto Delinquency Trends
Global Delinquencies as % of Average Managed Retail
Contracts
(Greater than 30 Days Past Due)
2.8%
2.7% 2.63% 2.68%
2.62%
2.61%
2.6%
2.52%
2.46%
2.5%
2.4% 2.42%

2.3% 2.30%

2.2%
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08

North Asia Latin
Loans > 30 Days Past Due America Europe Pacific America Global
Q3 2008 2.69% 1.43% 1.79% 3.88% 2.62%
Q3 2007 2.69% 1.36% 2.04% 4.03% 2.63%
Year over Year Change 0bps +7bps -25bps -15bps -1bps

9

Insurance: Key Metrics
Net Income
($ m il)
Core Earnings*
($ mil)
$735
$800 $200 $170
$154
$143
$600 $134 $131
$150
$114
$400 $84
$100 $70
$143 $135
$200 $131 $132 $97
$117 $50
$68

$0 $0
'06 '07 '07 '07 '07 '08 '08 '08 '06 '07 '07 '07 '07 '08 '08 '08

Combined Ratio Premiums Written
($ m il)
100% $1,250
97.8%
96.9% $1,133 $1,067
98% $1,150 $1,063
95.3% $1,070
96% $1,042
93.8% $1,050
94% $964
92.5% $942
$936
$950
91.0% 90.9%
92% 90.2%
90% $850
88% $750
86%
$650
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08
'06 '07 '07 '07 '07 '08 '08 '08
*Core Earnings = underwriting income + investment income, net of tax. See supplemental charts for a reconciliation of core earnings to GAAP income.

10

Insurance: Condensed Income Statement
Q3 2008 Q3 2007
($ millions)
Revenue
Insurance premiums and service revenue earned $1,114 $1,133
Other income 39 54
Total insurance premiums and other income 1,147 1,283
Expense
Insurance losses and loss adjustment expenses 610 659
Acquisition and underwriting expense 433 466
Total expense 1,043 1,125
Income before income tax expense 104 158
Income tax expense 7 41
Net income $97 $117

11

ResCap: Key Messages
Operating and market environments
• Execution of strategic initiatives is reducing the balance sheet and lowering operating
costs; however, current market conditions continue to pose problems
– Revenue opportunities are limited
– Credit-related costs are high
– Foreign currency has had a negative impact
Capital and liquidity
• Remained compliant with key covenants
• Ongoing evaluation of plans to address capital and liquidity needs
Market conditions and capital and liquidity needs continue
• Asset sales and losses erode capital base
• Select aspects of contingency plans are subject to external factors
• Absent economic support from GMAC, substantial doubt exists regarding ResCap’s
ability to continue as a going concern

12

ResCap: Key Metrics
($ m il) ($ bil) 1
ResCap Net Income ResCap Total Assets
$140
$150
$600 $131 $126
$116
$89
$100 $81
($128)
($400) $73
($254)
$67
($859)
($910) ($921) Of the total, $7.4 billion was securitized on-balance
$50
($1,400) sheet at 9/30/08, with net economic exposure limited
to $80 million
($1,912) $0
($2,400) ($2,261) ($1,860)
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08
'06 '07 '07 '07 '07 '08 '08 '08

($ bil) ($ bil)
Primary Servicing - Period End ResCap Loan Production
$60
$600 $49
$449 $453 $461 $466 $453 $460 $437 $426
$38
$400 $35
$40 $29
$21
$21 $18
$200 $20 $12

$0
$0
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08
'06 '07 '07 '07 '07 '08 '08 '08
2
2
2
Prime Conforming Prime Non-conforming Nonprime Prime Conforming Prime Non-conforming Nonprime

1 Total assets include the assets of Auto division of GMAC Bank as presented in ResCap’s 10-Q financial statements.
2 Government and Prime Second Liens are included in Prime Non-conforming.

13

ResCap: Condensed Income Statement*
Q3 2008 Q3 2007
($ millions)
Revenue
Total financing revenue $762 $1,565
Interest expense 824 1,626
Net financing loss (62) (61)
Servicing asset valuation and hedge activities, net (261) (123)
Net loan servicing income 108 328
Loss on mortgage loans, net (138) (570)
Other loss (45) (139)
Total other expense (183) (709)
Total net loss (137) (442)
Noninterest expense
Other operating expenses 1,141 617
Impairment of goodwill and other intangible assets - 455
Total noninterest expense 1,141 1,072
Loss before income tax expense (1,930) (2,395)
Income tax benefit (18) (134)
($1,912) ($2,261)
Net loss
*Income statement presentation (condensed) as it appears on a GMAC reported basis; results on a ResCap reported basis can be found on page 29 of this
presentation.

14

ResCap: Global Portfolio Credit Quality
Nonaccrual Loans as a Percentage of Nonaccrual Loans as a Percentage of
Mortgage Loans Held For Investment 19.9% Lending Receivables
20.0% 24.0% 21.8%
15.2%
16.2% 17.1%
14.0% 14.1%
15.0% 18.0%
12.7%
11.9% 12.2% 12.4%
10.5%
11.6%
10.9%
10.0% Excluding 12.0% 9.3%
7.1% 7.2%
loans
5.0%
impacted
5.0% 6.0% 2.9%
by FAS
159
0.0% 0.0%
'06 '07 '07 '07 '07 '08 '08 '08 '06 '07 '07 '07 '07 '08 '08 '08

Net Charge-offs as a Percentage of Net Charge-offs as a Percentage of
Mortgage Loans Held For Investment Lending Receivables
1.0% 3.0% 2.65%
0.71%
0.73% 0.76% 2.5%
0.8% 0.67% 0.66%
2.0%
0.61%
0.6% 0.46%
1.5%
0.40% 1.07%
0.41%
0.33% 0.33%
0.4% Excluding 1.0%
0.47% 0.47%
loans 0.37%
0.2% 0.5% 0.14%
impacted 0.22%
0.02%
by FAS 0.0%
0.0% 159
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
'06 '07 '07 '07 '07 '08 '08 '08
'06 '07 '07 '07 '07 '08 '08 '08

Total HFI* = $29.8 billion Total Lending Receivables* = $7.1 billion
*Note: HFI and Lending Receivables balances are carry value before allowance; charge-off percentages are not annualized.

15

ResCap: Nonprime and Prime Exposure
($ bil) ($ bil)
Loan Servicing Portfolio Warehouse Lending Receivables
$412
$450 $401
$406 $393 $386 $2.0
$1.6
$1.6 $1.5
$1.3
$1.5
$300 $1.2

$1.0
$150
$0.5
$60 $53 $48 $44 $0.2 $0.2 $0.2
$40 $0.2 $0.1
$0 $0.0
Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08 Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08

($ bil) ($ bil) 3
Held For Sale Loans Held For Investment
$14 $7.4 billion of securitized assets (largely
$12.0 $45
$12 non-prime) at 9/30/08, with net economic
$37.1
$10.0
exposure limited to $80 million
$9.2
$10
$30 $25.3
$8 $24.8
$23.7 $23.3 $23.1
$5.9
$6 $16.9
$3.4
$2.9
$4 $2.6 $15 $9.7
$2.0 $7.7
$0.8
$1.1
$2 $6.7
$0
$0
Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08
Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08

Nonprime1 Prime and Other2

1) The nonprime category includes high FICO/high LTV loans, high FICO alternative attribute loans, purchased distressed assets, and subprime assets (Weighted Average
FICO 618) for the domestic business and international loans with at least some adverse credit history.
2) Prime and Other includes Prime Conforming, Prime Non-conforming, Prime Second-Lien, and Government.
3) HFI is before allowance.

16

ResCap: Capital and Liquidity
Total equity of $2.3 billion (9/30/08)
• GMAC contributed $93 million of ResCap bonds, with a market value of just over $50 million and
forgave the related $2 million of accrued interest, as well as $102 million of debt, for a favorable
impact to equity of $197 million
• Tangible net worth, without GMAC Bank, as required by certain bank facility covenants, was $350
million vs. $250 million requirement
• ResCap was compliant with its tangible net worth and minimum cash covenants at quarter end
• GMAC forgave additional debt in October so that ResCap remained compliant with tangible net
worth covenant; GMAC has not committed to date to provide any further assistance

Global ResCap cash and cash equivalents of $6.9 billion (9/30/08)
• ResCap cash and cash equivalents increased $307 million compared to Q2 2008
• Of the total, $4.9 billion was held at GMAC Bank
• Evaluating additional measures to support liquidity as pressures expected to continue for the
balance of 2008 and into 2009

($ billions) Q3 2008 Q2 2008 Q1 2008 Q4 2007 Q3 2007 Q2 2007 Q1 2007
Cash and cash equivalents1 $6.9 $6.6 $4.2 $4.4 $6.5 $3.7 $2.6
Common equity $2.3 $4.1 $5.7 $6.0 $6.2 $7.5 $7.2
1 These figures include the Auto Division of GMAC Bank.

17

Global Liquidity: GMAC Bank
Continuing to grow GMAC Bank assets and deposits in line with FDIC
guidelines
• Assets of $32.9 billion include $8.5 of assets at the auto division, and $24.4 of assets at
the mortgage division
• Increased marketing efforts have raised deposits to $17.7 billion as of 9/30/08
• Total FHLB borrowing capacity of $10.8 billion ($0.3 billion of which is unused) available
to fund mortgage assets

GMAC Bank Assets and Deposits
($ bil)
40.0
$32.9
$31.9
$30.3
$28.4
30.0 $28.1

$17.7
20.0 $16.9
$15.4
$14.5 $12.8
10.0

0.0
Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08

Assets Deposit Liabilities

18

Global Liquidity: Roll Forward
Cash fell $0.8 billion in the quarter mostly owing to debt maturities
GMAC ResCap GMAC
Consolidated Consolidated* Bank*
($ billions)
Cash & Cash Equivalents (6/30) $14.3 $6.6 $3.7
(6.2)
Debt Maturities 0.0 0.0
(1.5)
Q3 Wholesale Securitization Maturities 0.0 0.0
5.7
Change in Selected Assets 0.2 0.2
1.9
Change in On-Balance Sheet Securitizations 0.0 0.0
Intercompany Secured Loans 0.0 (0.6) 0.0
Other (0.6) 0.7 1.0
Cash & Cash Equivalents (9/30) $13.5 $6.9 $4.9
Net Q3 Change in Cash & Cash Equivalents ($0.8) $0.3 $1.2

* Includes the cash and cash equivalents of Auto division of GMAC Bank as presented on ResCap's financial statements
Note: Numbers may not foot due to rounding

19

GMAC: Funding Components
September 30, 2008 June 30, 2008
GMAC GMAC
Consolidated Consolidated
ResCap ResCap
Period ended, (in billions)
Short-term debt
$0.2 $0.7 $0.3 $1.1
Commercial paper
Demand notes 0.0 3.9 0.0 5.7
Bank loans and overdrafts 0.0 4.8 0.0 6.6
Repurchase agreements and other (a) 6.8 9.6 9.6 12.0
Total short-term debt 7.0 19.0 9.9 25.3
Long-term debt
Due within one year 2.0 32.1 1.4 38.5
Due after one year 36.9 109.2 40.0 109.3
Total long-term debt (b) 38.9 141.3 41.4 147.8
Fair value adjustment (c) (6.6) 0.4 (6.6) 0.3
Total debt $39.3 $160.6 $44.7 $173.5

(a) Repurchase agreements and other at ResCap include third party, parent and other miscellaneous borrowings (secured and unsecured).
Consolidated figures eliminate inter-company borrowings and include nonbank secured borrowings and notes payable to GM.
(b) ResCap long-term debt (due after one year) includes collateralized borrowings with an outstanding balance of $9.1 billion recorded at a fair value of $2.5
billion as of September 30, 2008 while June 30, 2008 has an outstanding balance of $9.6 billion recorded at a fair value of $3.0 billion as a result of elections
made under SFAS 159.
(c) To adjust designated fixed-rate debt to fair value in accordance with SFAS 133.

Note 1: ResCap information as presented on ResCap’s financial statements.
Note 2: Numbers may not foot due to rounding.

20

GMAC: Committed Funding Facilities

Q3 2008 Q2 2008

Current Potential Total Current Potential Total
Outstanding Capacity (1) Capacity (2) Outstanding Capacity (1) Capacity (2) Capacity
($ billions)
TOTAL UNSECURED FACILITIES $2.0 $0.1 $0.0 $2.1 $2.4 $0.4 $0.0 $2.8
North American operations :
Syndicated facilities 14.1 0.4 12.8 27.3 5.6 0.3 21.4 27.3
Bilateral / multi-bank facilities 19.0 0.1 3.0 22.1 27.3 0.1 4.4 31.8
International operations :
Bilateral / multi-bank facilities 10.5 0.0 1.3 11.8 11.7 0.0 1.5 13.2
Total Global Automotive Finance secured facilities 43.6 0.5 17.1 61.2 44.6 0.4 27.3 72.3
ResCap secured facilities:
Repurchase agreements 0.7 0.0 2.6 3.3 1.4 0.0 2.7 4.1
Other ResCap facilities 5.2 0.0 1.1 6.3 6.8 0.0 3.6 10.4
Total ResCap secured facilities 5.9 0.0 3.7 9.6 8.2 0.0 6.3 14.5
Other secured facilities:
Commercial Finance 2.5 0.0 0.7 3.2 2.4 0.0 0.6 3.0
Insurance 0.0 0.0 0.1 0.1 0.0 0.0 0.1 0.1
Total other secured facilities 2.5 0.0 0.8 3.3 2.4 0.0 0.7 3.1
TOTAL SECURED FACILITIES $52.0 $0.5 $21.6 $74.1 $55.2 $0.4 $34.3 $89.9
Memo : Whole-loan forward flow agreements $0.0 $0.0 $20.8 $20.8 $0.0 $0.0 $25.3 $25.3

(1) Funding is generally available upon request as excess collateral resides in certain facilities.
(2) Funding is generally available to the extent incremental collateral is contributed to the facilities.

21

Conclusion
Due to current market and funding challenges, GMAC is pursuing a
tough “self help” plan
• Restructuring ResCap and Auto Finance operations
• Refinanced bank commitments and ResCap liability structure
• Secured ownership of GMAC Bank for 10 years
• Shedding non-core operations
• Limiting originations to match committed funding sources
• Accessing federal liquidity programs where possible
• Transforming company from captive into an independent deposit-funded
lender and servicer
In addition, GMAC has applied for a bank holding company charter
• There can be no assurance that this application will be approved

Ultimately, all our actions are intended to support GMAC customers
and investors as fully as possible given current funding constraints.

22

Supplemental Charts

23

Supplemental

GMAC: Preliminary Q3 Consolidated Net Income
Q3 2008 Q3 2007
($ millions)
Revenue
$4,641 $5,381
Total financing revenue
Interest expense 2,906 3,715
Depreciation expense on operating lease assets 1,412 1,276
Impairment of investment in operating leases 93 -
Other revenue
Net loan servicing income 180 425
Insurance premiums and service revenue earned 1,123 1,143
Gain (loss) on mortgage and automotive loans, net 25 (320)
Other income 373 602
Total other revenue 1,485 1,863
Total net revenue 1,715 2,253
Provision for credit losses 1,099 964
Noninterest expense
Insurance losses and loss adjustment expenses 642 659
Other operating expenses 2,579 1,839
Impairment of goodwill and other intangible assets 16 455
Total noninterest expense 3,237 2,953
Loss before income tax benefit (2,621) (1,664)
Income tax benefit (98) (68)
Net loss ($2,523) ($1,596)

24

Supplemental

GMAC: Preliminary Consolidated Balance Sheet
Assets 9/30/2008 12/31/2007
$13.5 $17.7
Cash and cash equivalents
Investment securities 10.7 16.7
Loans held for sale 12.0 20.6
Finance receivables and loans, net of unearned Income 112.4 127.5
Allowance for credit losses (3.1) (2.8)
Investment in operating leases, net 30.6 32.3
Other assets 35.2 36.9
Total assets 211.3 248.9

Liabilities
Unsecured debt 72.6 102.3
Secured debt 88.0 90.8
Total debt 160.6 193.1
Deposit liabilities 19.6 15.3
Other liabilities 21.9 24.9
Total liabilities 202.1 233.3
Equity
Total equity 9.2 15.6
$211.3 $248.9
Total liabilities, preferred interests and equity

25

Supplemental

Global Auto Finance: Lease Residual Trends
U.S. and Canada Sales Proceeds as a % of Original ALG Estimate
(%)
(%)
Canada -Across All Segments
U.S. -Across All Segments
100
115 (by termination year)**
(by termination year)*
110
95
105

90
100

95
85
90

80
85
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2005 2006 2007 2008
2005 2006 2007 2008

* U.S. scheduled terminations on a managed basis, all lease terms **Canada scheduled terminations on a managed basis, all lease terms

(%) (%)
1 2
U.S. -By Vehicle Segment 2008 Canada -By Vehicle Segment 2008
100
105
90

95
80

85 70

75 60
Jan Feb Mar Apr May Jun Jul Aug Sep Jan Feb Mar Apr May Jun Jul Aug Sep
'08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08 '08
Cars SUVs Trucks Cars SUVs Trucks

1- U.S. scheduled terminations, all lease terms 2- Canada scheduled terminations, all lease terms

26

Supplemental

Auto Finance: Portfolio Composition

North America Lease Portfolio by Vehicle Mix

As % of Units Units (000's) As % of Value Net Book Value ($bn)
USD
Car 49% 692 39% $10.9
Truck 17% 237 17% 4.8
SUV 34% 488 43% 11.9
TOTAL 1,417 $27.6
As of 9/30/08

27

Supplemental

Reconciliation of Insurance Core Earnings
3Q 2008 2Q 2008 1Q 2008 4Q 2007 3Q 2007 2Q 2007 1Q 2007 4Q 2006
($) in millions
Net Income $97 $135 $132 $68 $117 $131 $143 $735
1
Add: Pre-tax interest (benefit) expense (2) (72) 5 8 9 5 4 6
2
Less: Pre-tax capital (losses) gains (90) 6 7 5 13 1 4 875
Add: Estimated taxes on interest expenses & capital gains (31) 27 1 (1) 1 (1) 0 304
Core Earnings $154 $84 $131 $70 $114 $134 $143 $170

1 Amount within premium tax and other expense in Forms 10-Q and 10-K.
2 Amount within investment income in Forms 10-Q and 10-K.

28

Supplemental

ResCap: Income Statement
Q3 2008 Q3 2007
($ millions)
Revenue
Total financing revenue 1,099 2,021
Interest expense 895 1,681
Depreciation expense on operating lease assets 86 82
Impairment of investment in operating leases - -

Other revenue
Servicing asset valuation and hedge activities, net (261) (123)
Gain (loss) on sale of loans (138) (570)
Gain (loss) on investment securities (42) (333)
Gain (loss) on retirement of debt 42 -
Other income (139) (65)
Total other revenue (168) (639)
Total net revenue (50) (380)
Non-interest expense
Compensation and benefits expense 229 306
Other operating expenses 931 785
Total non-interest expense 1,159 1,091
Minority Interests 37 25
Loss before income tax benefit (1,907) (2,380)
Income tax (benefit) expense 5 (119)
Net income (loss) ($1,912) ($2,261)

Q3 2008 Q3 2007
($ millions)
Net Income
Residential Finance Group ($500) ($1,193)
International Business Group (638) (498)
Business Capital Group (253) (172)
1
ResCap Corp/Elims (521) (398)
Total ($1,912) ($2,261)
Note: Numbers may not foot due to rounding. Income statement presentation (condensed) as it appears on ResCap’s reported basis; results as they appear
on a GMAC reported basis can be found on page 14 of this presentation.

29

Supplemental

ResCap: Mortgage Production
($ billions) Q3 2008 Q2 2008 Q1 2008 Q4 2007 Q3 2007 Q2 2007 Q1 2007 Q4 2006
Prime conforming $6.8 $12.2 $15.4 $13.0 $12.2 $12.7 $9.6 $10.8
Total conforming 6.8 12.2 15.4 13.0 12.2 12.7 9.6 10.8
Prime non-conforming 0.3 0.4 0.5 0.3 5.0 9.8 12.3 17.5
Government 4.1 3.8 2.0 1.2 1.4 0.8 0.6 0.8
Nonprime - - 0.0 0.1 0.2 0.7 3.3 6.9
Prime second-lien 0.1 0.7 0.8 0.9 1.4 3.1 5.3 5.2
Total non-conforming 4.5 4.8 3.3 2.5 8.0 14.5 21.5 30.4
Total domestic 11.2 17.0 18.7 15.5 20.2 27.1 31.0 41.2
1
International 0.6 1.0 2.2 5.3 9.1 7.7 6.5 8.0
TOTAL $11.9 $18.1 $20.9 $20.8 $29.3 $34.9 $37.5 $49.3

1International includes nonprime production.
Note: Totals may not foot due to rounding.

Mortgage Loan Production by Type Mortgage Loan Production
($ bil)
($ bil)
20 30

15
20

10

10
5

0 0
Q2 '07 Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08 Q2 '07 Q3 '07 Q4 '07 Q1 '08 Q2 '08 Q3 '08
Prime Conforming Prime Non-conforming
Government Nonprime
Total Domestic Total International 1
Prime Second-lien Total International1
1 International includes some nonprime production.

30

Supplemental

ResCap: Global HFS Portfolio

Q3 2008 Distribution of $13.2 billion
Q3 2008 Total HFS Portfolio of $4.2 billion
(Issuance and whole loan sales)
12%

81%
46%

1%

24%

18%

0%
18%
Prime Conforming Prime Nonconforming Non-Agency Public Securitizations
Nonprime Prime Second-lien Agency
Non-Agency Whole Loans
Government

HFS and HFI Q3 08 transfers:
• HFS to HFI $260 million
• HFI to HFS $11 million

31

Supplemental

ResCap: HFI Portfolio

Q3 2008 Total HFI Portfolio of $29.8 billion
Q4 2007 Total HFI Portfolio of $42.2 billion
25%
26%

15%

7%
38%

36%

53%
On-Balance Sheet HFI GMAC Bank HFI
Securitizations

159 Loans Fair Value Non Bank HFI

• The Q4 2007 pie chart represents the HFI portfolio before FAS 159 Fair Value Election on
January 1, 2008 which resulted in a $10.5 billion reduction in HFI balance related to
securitized loans

32

Supplemental

ResCap: Q3 Significant Items
GMAC ResCap
Significant Items (Pre-tax)
Q3 2008
($ millions)
Q3 2008 Q2 2008 Q1 2008 YTD 2008 Q4 2007 Q3 2007 Q2 2007 Q1 2007 FY 2007
($545) ($2,595)
Provision for Loan Losses ($661) ($467) ($302) ($1,430) ($836) ($884) ($330)
HFS Valuation Adjustments1 (1,561)
(207) (1,439) (772) (2,418) (176) (670) (181) (534)
(748)
(42) (90) (444) (576) (399) (333) (56) 40
Gain/Loss on Investment Securities, net
109 207 802 1,117 473 328 301 145 1,247
Net Servicing Fees
Lot Option/Model Home Impairment (49) (79) (93) (220) (77) (98) (20) (9) (204)
(166) (125) (34) (325) (0) (60) (160) (327)
Repurchase and Other Reserves (107)
(402)
Loss on Foreclosed Real Estate (REO) (49) (75) (85) (210) (172) (138) (70) (22)
(127)
Restructuring Costs (73) (18) (20) (111) (127) - - -
526
Gain from Deconsolidation of Securitized HFI - - - - 438 88 - -
521
Debt Retirement / Tender Offer 42 647 480 1,169 521 - - -
17
(380) 46 (2) (336) 1 (1) 4
FX Currency Impacts 12
(455)
- - - - (455) - -
Goodwill Impairment -
SFAS 159 FV - Securitized Assets (75) (767) (2,202) (3,043) N/A N/A N/A N/A N/A
SFAS 159 FV - Securitized Bond Payable 3 693 2,148 2,843 N/A N/A N/A N/A N/A
($72) ($74) ($54) ($200) N/A N/A N/A N/A N/A
Net SFAS 159 impact recorded in Other Income
1 Q3 and Q2 2008 quot;HFS Valuationquot; includes losses from certain nonconforming asset sales.
Note: These amounts are classified according to ResCap's income statement presentation (includes Auto division of GMAC Bank).

33

GMAC 2008 Q3 Results Show $2.5B Loss

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