Unassociated Document

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

(Date of report; date of

earliest event reported)

Commission file number: 1-3754

(Exact name of registrant as specified in its charter)

Delaware	38-0572512
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

200 Renaissance Center

P.O. Box 200 Detroit, Michigan

(Address of principal executive offices)

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02

Results of Operations and Financial Condition.

On November 4, 2009, GMAC Inc. issued a press release announcing preliminary operating results for the third quarter ended September 30, 2009. The press release is attached hereto and incorporated by reference as Exhibit 99.1. Charts furnished to securities analysts are attached hereto and incorporated by reference as Exhibit 99.2.

Item 9.01

Financial Statements and Exhibits

Exhibit No.

Description

99.1	Press Release, Dated November 4, 2009

99.2	Charts Furnished to Securities Analysts

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		GMAC Inc. (Registrant)



Dated:	November 4, 2009	/S/ David J. DeBrunner
		David J. DeBrunner
		Vice President, Chief Accounting Officer
		and Controller

Exhibit No.	Description
99.1	Press Release, Dated November 4, 2009
99.2	Charts Furnished to Securities Analysts

GMAC Financial Services Reports Preliminary Third Quarter 2009 Financial Results

Third quarter net loss of $767 million

Net loss from continuing operations of $671 million

Focus remains on strengthening strategic operations and exiting non-strategic assets

Originated $7.7 billion and $15.9 billion of auto and mortgage loans, respectively

Launched dealer rewards program to promote growth in auto-related operations

Re-entered ABS market with TALF-eligible transactions and participated in the TLGP with debt offering

Ally Bank increased total deposits by $2.3 billion

Tier 1 capital ratio was 14.4 percent

NEW YORK – GMAC Financial Services today reported a third quarter 2009 net loss of $767 million, compared to a net loss of $2.5 billion in the third quarter of 2008. Results in the quarter were adversely affected by losses related to legacy assets in the mortgage operations.

During the quarter, certain business lines were classified as discontinued operations. These businesses, which include GMAC’s U.S. consumer property and casualty insurance business and three international automotive financing operations, have been removed from the company’s continuing operations. Excluding these businesses, net loss from continuing operations totaled $671 million in the third quarter of 2009, compared to $2.5 billion in the comparable prior year period. Continuing operations in the quarter were affected by several significant items, including:

$515 million mortgage repurchase reserve expense;

$161 million loss provision on resort finance assets;

$309 million original issue discount amortization expense related to the December 2008 bond exchange;

$79 million legacy mortgage provision expense;

$292 million tax benefit on operating losses;

$155 million mark-to-market gain on auto retained interests; and

$23 million net recovery on commercial and international portfolio marks/write-downs.

Excluding these items, GMAC’s net loss from continuing operations in the third quarter was $77 million.

Third Quarter Financial Highlights

Pre-tax Income/(Loss) From Continuing Operations by Segment

				Increase/(Decrease) vs.
	3Q 09	2Q 09	3Q 08	2Q 09	3Q 08
Automotive Finance – North America	$345	$302	$(323)	$43	$668
Automotive Finance – International	50	45	(56)	5	106
Global Automotive Finance	395	347	(379)	48	774
Insurance	81	95	73	(14)	8
Mortgage Operations	(747)	(2,044)	(1,949)	1,297	1,202
Corporate and Other1	(692)	(616)	(384)	(76)	(308)
Pre-tax loss from continuing operations	(963)	(2,218)	(2,639)	1,255	1,676
Income tax expense (benefit)	(292)	1,099	(101)	(1,391)	(191)
Discontinued Operations2	(96)	(586)	15	490	(111)
Net income (loss)	$(767)	$(3,903)	$(2,523)	$3,136	$1,756

1 Corporate and Other segment includes Commercial Finance, equity investments, amortization of original issue discount from GMAC bond exchange, and other corporate activities.

2 Discontinued Operations currently includes: U.S. consumer property and casualty insurance (Insurance segment); Argentina operations, U.K. full-service leasing and Italy full-service leasing from International Operations (Global Automotive Finance segment). Other businesses may be included in discontinued operations in the future.

“We continue to work through solutions for certain legacy assets and that is still weighing on GMAC’s financial performance,” said GMAC Chief Executive Officer Alvaro G. de Molina. “Progress is being made toward the transformation of the company as we shed non-strategic operations while at the same time invest in structuring the company to be more competitive for the long term.”

“Our focus is on growing operations where we can leverage our strengths,” said de Molina. “We have made major strides in bringing the Chrysler business on line, we launched a competitive dealer program that leverages our full suite of auto products, and Ally Bank continues to attract customers.”

Liquidity and Capital

GMAC’s consolidated cash and cash equivalents were $14.2 billion as of Sept. 30, 2009, down from $18.7 billion at June 30, 2009. Included in the consolidated cash and cash equivalents balance are: $919 million at Residential Capital, LLC (ResCap); $5.0 billion at Ally Bank, which excludes $5.2 billion of intercompany overnight funds on deposit at Ally Bank; and $75 million at the insurance business. The decrease in consolidated cash reflects investment into high quality debt securities and the repayment of unsecured debt maturities.

GMAC’s total equity at Sept. 30, 2009 was $24.9 billion, down from $26.0 billion at June 30, 2009. Total equity was marginally lower primarily due to the net loss in the quarter and the payment of preferred dividends. GMAC’s preliminary third quarter Tier 1 capital ratio was 14.4 percent, and the Tier 1 common capital ratio was 6.1 percent. The increase in the Tier 1 capital ratio is the result of the company’s continued effort to de-risk and de-lever.

Ally Bank and ResMor Trust continue to enhance GMAC’s funding flexibility through growth in deposits. Ally Bank and ResMor Trust deposits, excluding $5.2 billion of certain intercompany amounts, increased in the third quarter to $28.8 billion as of Sept. 30, 2009, from $26.3 billion at June 30, 2009. Retail deposits at Ally Bank were $15.9 billion at quarter-end, compared to $14.5 billion at the end of second quarter 2009. Brokered deposits at Ally Bank increased to $9.5 billion at quarter-end, compared to $8.7 billion at the end of second quarter 2009.

In September, GMAC re-entered the asset-backed securities (ABS) market with a $941 million Ally Bank auto securitization offering that was eligible for the Term Asset-Backed Securities Loan Facility (TALF). This marked the first time GMAC or Ally Bank sponsored a TALF-eligible security, and the first time Ally Bank entered the ABS market with an auto transaction. This month Ally Bank sponsored another similar auto securitization for $885 million. Ally Bank continues to be a key component of GMAC’s funding strategy, as exemplified by these transactions and the deposit growth.

Further enhancing GMAC’s liquidity position, the company completed on Oct. 28, 2009 an offering for $2.9 billion of senior fixed rate notes guaranteed by the Federal Deposit Insurance Corporation (FDIC) pursuant to the FDIC Temporary Liquidity Guarantee Program (TLGP).

Global Automotive Finance

GMAC’s global automotive finance business reported third quarter 2009 pre-tax income from continuing operations of $395 million, compared to a pre-tax loss from continuing operations of $379 million in the comparable prior year period. Continuing operations in the segment excludes certain discontinued operations, which consist of automotive finance operations in Argentina and full-service leasing operations in the U.K. and Italy. Continuing operations in the segment were driven by the continued normalization of origination volumes, credit improvement and used vehicle prices.

Total consumer financing originations during the third quarter of 2009 were $7.7 billion, which included $6.8 billion of new originations, approximately $800 million of used originations and approximately $100 million of new leases. Third quarter 2008 consumer financing originations totaled $13.3 billion, which included $9.2 billion of new originations, $2.0 billion of used originations and $2.1 billion of new leases/retail balloon contracts. Originations were lower compared to the prior year primarily due to a decrease in U.S. vehicle sales and lower leasing levels. Consumer financing origination levels continued to trend upward on a sequential basis as originations were up 26 percent from $6.1 billion in the second quarter of 2009. The increase from last quarter includes improved pricing competitiveness, an increase in Chrysler originations and the effect of the “cash-for-clunkers” program.

GMAC continues to make significant progress in extending financing to Chrysler dealers and customers. During third quarter 2009, the company originated approximately $720 million of Chrysler retail loans, versus approximately $200 million in the previous quarter. GMAC’s penetration of U.S. retail sales for Chrysler improved to 21 percent for the month of September, compared to 10 percent in June 2009. In addition, GMAC’s outstanding balance for wholesale financing of Chrysler dealers was approximately $3.3 billion at Sept. 30, 2009. Chrysler wholesale penetration was 67 percent in the U.S. and 85 percent in Canada at Sept. 30, 2009.

On Oct. 1, 2009, GMAC introduced Ally Dealer Rewards, a program designed to drive business volumes by providing benefits to dealers that consistently use the company’s comprehensive suite of automotive products and services, including new and used retail financing, wholesale financing, insurance products and remarketing services. The program is currently only available to GM and Chrysler dealers in the U.S., but there are plans to expand the program in the future.

Credit losses increased in the third quarter of 2009 to 3.29 percent of managed retail assets, versus 1.56 percent in the third quarter of 2008. The increase is primarily due to a standardization of the company’s charge-off policy to conform to regulatory requirements, the effect of a smaller asset base, and the underlying performance of certain subprime portfolios. Lower loss severities in North America have partially offset weak economic trends. Excluding the effect of the change in the charge-off policy, credit losses would have been 2.19 percent of managed retail assets in the third quarter of 2009.

Delinquencies, defined as contracts more than 30-days past due, also increased to 3.76 percent in the third quarter of 2009, compared to 2.77 percent in the third quarter of 2008 and 3.48 percent in the second quarter of 2009. Delinquency trends have been negatively affected by higher unemployment and a smaller asset portfolio in North America and Europe.

GMAC’s insurance business reported pre-tax income from continuing operations of $81 million in the third quarter of 2009, compared to $73 million in the prior year period. Continuing operations in the segment excludes the U.S. consumer property and casualty insurance business, which has been classified as discontinued operations. The increase in pre-tax income from continuing operations reflects higher investment income, partially offset by lower premiums resulting from the sale of GMAC’s reinsurance unit in October 2008, lower volumes in dealer-related products due to lower automotive industry sales, and lower volumes from our international business.

Following a comprehensive strategic review of the insurance business, GMAC reached an agreement to sell its U.S. consumer property and casualty insurance business to American Capital Acquisition Corporation on Oct. 16, 2009. This business includes GMAC’s U.S. automobile, commercial vehicle, motorcycle and recreational vehicle insurance offerings. The dealer-related insurance business, which includes extended service contracts and insurance for auto dealer inventories, is not affected by this transaction and remains a strategic component of GMAC’s automotive financial services platform. The transaction is expected to close in the first quarter of 2010, subject to regulatory approval and other customary closing conditions.

The fair value of the insurance investment portfolio was $5.2 billion at Sept. 30, 2009, compared to $6.6 billion at Sept. 30, 2008, with the decrease being primarily attributable to the sale of GMAC’s reinsurance unit.

Mortgage operations, which includes ResCap and the mortgage activities of Ally Bank and ResMor Trust, reported a pre-tax loss from continuing operations of $747 million during third quarter 2009, versus a pre-tax loss from continuing operations of $1.9 billion in the comparable prior year period. While credit provisions have begun to moderate, segment results were negatively impacted by an expense of $515 million during third quarter 2009 to increase repurchase reserves. Losses were partially offset by stronger net revenue driven by improved core business margins and higher net servicing revenue.

Mortgage loan production in the third quarter of 2009 was $15.9 billion, compared to $18.8 billion in the second quarter of 2009 and $11.9 billion in the third quarter of 2008. Production for the quarter was driven by prime conforming and government loans, with a limited amount of high quality jumbo loans. Originations were down slightly from last quarter due to lower industry refinancing volume.

As part of its loss mitigation efforts, GMAC continues to participate in the Home Affordable Modification Program (HAMP), which was created to assist struggling homeowners. Through HAMP, the company had extended 31,720 trial plan offers to its customers as of Sept. 30, 2009.

GMAC’s corporate and other segment reported a third quarter 2009 pre-tax loss from continuing operations of $692 million, compared to a pre-tax loss from continuing operations of $384 million in the comparable prior year period. The main drivers of the loss in the quarter were an original issue discount amortization expense related to the December 2008 bond exchange and an additional loss provision on resort finance assets in the commercial finance business.

GMAC continues to focus on finding solutions for certain legacy and non-strategic assets that are no longer part of the long-term strategic vision and represent barriers to restoring financial health.

Additionally, the company continues to work toward reducing structural costs to optimize returns. Key components of the cost reduction plan include streamlining operations in line with business expectations and rationalizing non-core and non-strategic activities. GMAC has begun to execute plans toward this initiative, such as signing the agreement to sell the U.S. consumer property and casualty insurance business and classifying certain international automotive financing operations as discontinued operations.

Going forward, GMAC will continue to focus on its core competencies, including automotive-related products and services. The company is working to increase competitiveness in these areas and offer value to its customers.

GMAC also continues to execute its five core strategies:

Transition to and meet all bank holding company requirements

Strengthen liquidity and capital position by shifting largely to a deposit-funded institution

Build a world-class organization

Expand and diversify customer-focused revenue opportunities

Drive returns by repositioning risk profile and maximizing efficiencies

About GMAC Financial Services

GMAC is a bank holding company with 15 million customers worldwide. As a global, independent financial services institution, GMAC’s diversified business operations include automotive finance, mortgage operations, insurance, commercial finance and online banking. As of Sept. 30, 2009, the company had approximately $178 billion in assets. Visit the GMAC media site at http://media.gmacfs.com for more information.

Forward-Looking Statements

In this earnings release and related comments by GMAC Inc. (“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 the negative of any of those words or similar expressions is intended to identify forward-looking statements. All statements herein and in related charts and 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 Residential Capital, LLC’s (“ResCap”) 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 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: our inability to successfully accommodate the additional risk exposure relating to providing wholesale and retail financing to Chrysler dealers and customers and the resulting impact to our financial stability; uncertainty regarding GM’s and Chrysler’s recent emergence from bankruptcy protection; uncertainty related to the new financing arrangement between GMAC and Chrysler; securing low cost funding for GMAC and ResCap and maintaining the mutually beneficial relationship between GMAC and GM, and GMAC and Chrysler; our ability to maintain an appropriate level of debt and capital; the profitability and financial condition of GM and Chrysler; our ability to realize the anticipated benefits associated with our recent conversion to a bank holding company, and the increased regulation and restrictions that we are subject to; continued challenges in the residential mortgage and capital markets; the potential for deterioration in the residual value of off-lease vehicles; the continuing negative impact on ResCap of the 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; 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, GM or Chrysler; 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, whether as a result of new information, future events or other such factors that affect the subject of these statements, except where expressly required by law.

gina.proia@gmacfs.com

christopher.mcnamee@gmacfs.com

GMAC Financial Services Preliminary Unaudited Third Quarter 2009 Financial Highlights

		3Q	3Q	YTD	YTD
Summary Statement of Income	Note	2009	2008	2009	2008
Revenue
Consumer		$1,211	$1,687	$3,803	$5,267
Commercial		424	597	1,317	1,853
Loans held-for-sale		160	246	441	918
Operating leases		1,454	2,027	4,690	6,097
Interest and dividends on investment securities		113	125	287	486
Other interest income		55	269	175	923
Total financing revenue and other interest income		3,417	4,951	10,713	15,544
Interest expense
Deposits		178	179	535	533
Short-term borrowings		104	425	386	1,522
Long-term debt		1,555	2,084	5,025	6,487
Other		62	192	179	338
Total interest expense		1,899	2,880	6,125	8,880
Depreciation expense on operating lease assets		944	1,472	3,154	4,307
Impairment of investment in operating leases		0	93	0	808
Net financing revenue		574	506	1,434	1,549
Other revenue
Servicing fees		384	441	1,191	1,377
Servicing asset valuation and hedge activities, net		(110)	(261)	(710)	(36)
Net loan servicing income		274	180	481	1,341
Insurance premiums and service revenue earned		582	791	1,697	2,352
Gain (loss) on mortgage and automotive loans, net		194	25	128	(1,674)
Gain on extinguishment of debt		10	59	667	1,164
Other gain (loss) on investments, net		216	(396)	297	(846)
Other income, net of losses		259	35	67	64
Total other revenue		1,535	694	3,337	2,401
Total net revenue		2,109	1,200	4,771	3,950
Provision for loan losses		704	1,099	2,708	2,345
Noninterest expense
Compensation and benefits expense		441	573	1,248	1,699
Insurance losses and loss adjustment expenses		335	423	984	1,310
Other operating expenses		1,592	1,728	3,830	4,149
Impairment of goodwill		0	16	0	16
Total noninterest expense		2,368	2,740	6,062	7,174
Loss from continuing operations before income tax expense		(963)	(2,639)	(3,999)	(5,569)
Income tax (benefit) expense from continuing operations		(292)	(101)	681	72
Net loss from continuing operations		(671)	(2,538)	(4,680)	(5,641)
Net (loss) income from discontinued operations, net of tax		(96)	15	(665)	47
Net loss		($767)	($2,523)	($5,345)	($5,594)

			Sep 30,	Dec 31,	Sep 30,
Select Balance Sheet Data			2009	2008	2008
Cash and cash equivalents			$14,225	$15,151	$13,534
Loans held-for-sale			14,963	7,919	11,979
Finance receivables and loans, net	1
Consumer			53,845	63,963	72,925
Commercial			33,607	36,110	39,497
Investments in operating leases, net	2		18,867	26,390	30,628
Total assets			178,254	189,476	211,327
Total debt	3		102,041	126,321	160,631

		Third Quarter		Nine Months
Operating Statistics		2009	2008	2009	2008
GMAC's Worldwide Cost of Borrowing	4	5.90%	6.01%	6.17%	5.99%

Tier 1 Capital	5	$23,795	N/A
Tier 1 Common Capital	5	10,008	N/A
Total Risk-Based Capital	5	26,127	N/A
Tangible Common Equity	5	10,468	N/A

Tangible Assets	5	177,568	N/A
Risk-Weighted Assets	5,6	165,181	N/A

Tier 1 Capital Ratio	5	14.41%	N/A
Tier 1 Common Capital Ratio	5	6.06%	N/A
Total Risk-Based Capital Ratio	5	15.82%	N/A

Tangible Common Equity / Tangible Assets	5	5.90%	N/A
Tangible Common Equity / Risk-Weighted Assets	5	6.34%	N/A

(1) Finance receivables and loans are net of unearned income

(2) Net of accumulated depreciation

(3) Represents both secured and unsecured on-balance sheet debt such as commercial paper, medium-term notes and long-term debt

(4) Improvements in the calculation have been made to more accurately reflect the cost of borrowings ... Calculated by dividing average interest expense by total average interest bearing liabilities

(5) GMAC was not a bank holding company in the third quarter of 2008 and therefore was not subject to the related capital requirements

(6) Risk-weighted assets are determined by allocating assets and specified off-balance sheet financial instruments into six weighted categories, with higher levels of capital being required for the categories perceived as representing greater risk. The company's Sept. 30, 2009 preliminary risk-weighted assets reflect estimated on-balance sheet risk-weighted assets of $146 billion and derivative and off-balance sheet risk-weighted assets of $19 billion

Numbers may not foot due to rounding

GMAC Financial Services Preliminary Unaudited Third Quarter 2009 Financial Highlights (Continued)

			Note	Third Quarter		Nine Months
GMAC Automotive Finance Operations				2009	2008	2009	2008

	NAO	Income (loss) from continuing operations before income tax expense		$345	($323)	$892	($1,036)
		Income tax expense (benefit) from continuing operations		$31	($73)	$942	($86)
		Net income (loss) from continuing operations		$314	($250)	($50)	($950)

	IO	Income (loss) from continuing operations before income tax expense		$50	($56)	$64	$243
		Income tax expense (benefit) from continuing operations		$33	($24)	$174	$29
		Net income (loss) from continuing operations		$17	($32)	($110)	$214

	Consumer Portfolio Statistics
	NAO	Number of contracts originated (# thousands)		229	393	479	1,268
		Dollar amount of contracts originated		$6,185	$10,581	$13,176	$34,029
		Dollar amount of contracts outstanding at end of period	7	$43,906	$59,176
		Share of new GM retail sales		32%	42%	26%	45%
		Share of new Chrysler retail sales		17%	N/A	N/A	N/A

		Dollar amount of GM wholesale outstanding at end of period		$10,892	$19,662
		GM wholesale penetration at end of period		74%	81%
		Dollar amount of Chrysler wholesale outstanding at end of period		$3,347	$534
		Chrysler wholesale penetration at end of period		70%	N/A

		Mix of retail & lease contract originations (% based on # of units):
		New		82%	75%	81%	75%
		Used		18%	25%	19%	25%

		GM subvented (% based on # of new units)		69%	86%	72%	80%
		Chrysler subvented (% based on # of new units)		38%	N/A	34%	N/A

		Average original term in months (U.S. retail only)		66	65	64	63

		Off-lease remarketing (U.S. only)
		Sales proceeds on scheduled lease terminations (36-month) per vehicle - Serviced	8,9	$17,701	$13,207	$15,720	$13,712
		Off-lease vehicles terminated - Serviced (# units)	9	86,683	108,063	285,138	328,438
		Sales proceeds on scheduled lease terminations (36-month) per vehicle - On-balance sheet	8	$18,115	$13,108	$15,994	$13,648
		Off-lease vehicles terminated - On-balance sheet (# units)	10	60,016	59,238	186,372	161,996

	IO	Number of contracts originated (# thousands)		107	161	304	543
		Dollar amount of contracts originated		$1,519	$2,755	$4,323	$9,502
		Dollar amount of contracts outstanding at end of period	11	$13,388	$18,306

		Mix of retail & lease contract originations (% based on # of units):
		New		95%	86%	94%	86%
		Used		5%	14%	6%	14%

		GM subvented (% based on # of units)		48%	37%	57%	40%

	Asset Quality Statistics
	NAO	Annualized net retail charge-offs as a % of managed assets	12	3.31%	1.90%	2.93%	1.71%
		Managed retail contracts over 30 days delinquent	12,13	4.36%	2.90%
		Serviced retail contracts over 30 days delinquent	13,14	4.08%	2.85%

	IO	Annualized net charge-offs as a % of managed assets	12	3.24%	0.70%	1.90%	0.72%
		Managed retail contracts over 30 days delinquent	12,13	2.85%	2.57%

	Operating Statistics
	NAO	Allowance as a % of related on-balance sheet consumer receivables at end of period		4.16%	4.37%
		Repossessions as a % of average number of managed retail contracts outstanding	12	3.61%	2.65%	3.50%	2.57%
		Severity of loss per unit serviced - Retail	14
		New		$9,288	$11,760	$10,387	$10,919
		Used		$8,058	$9,269	$8,719	$8,710

	IO	Allowance as a % of related on-balance sheet consumer receivables at end of period		1.64%	1.61%
		Repossessions as a % of average number of contracts outstanding		0.74%	0.69%	0.84%	0.69%

(7) Represents on-balance sheet assets, which includes $17.2 billion of lease assets and $8.5 billion of retail loans held for sale in 2009

(8) Prior period amounts based on current vehicle mix, in order to be comparable

(9) Serviced assets represent operating leases where GMAC continues to service the underlying asset

(10) GMAC-owned portfolio reflects lease assets on GMAC's books after distribution to GM of automotive leases in connection with the sale transaction which occurred in November 2006

(11) Represents on-balance sheet assets including retail leases

(12) Managed assets represent on and off-balance sheet finance receivables and loans where GMAC continues to be exposed to credit and/or interest rate risk

(13) Represents percentage of average number of contracts outstanding. Excludes accounts in bankruptcy.

(14) Serviced assets represent on and off-balance sheet finance receivables and loans where GMAC continues to service the underlying asset

Numbers may not foot due to rounding

GMAC Financial Services Preliminary Unaudited Third Quarter 2009 Financial Highlights (Continued)

		Note	Third Quarter		Nine Months
Mortgage Operations			2009	2008	2009	2008

	Loss from continuing operations before income tax expense		($747)	($1,949)	($3,929)	($4,615)
	Income tax (benefit) expense from continuing operations		($154)	($18)	($480)	$65
	Net loss from continuing operations		($593)	($1,931)	($3,449)	($4,680)

	Gain (loss) on mortgage loans, net
	Domestic		$209	$32	$561	($213)
	International		18	(170)	(542)	(1,735)
	Total gain (loss) on mortgage loans, net		$227	($138)	$19	($1,948)

	Portfolio Statistics
	Mortgage loan production
	Prime conforming		$7,963	$6,766	$26,976	$34,391
	Prime non-conforming		363	250	706	1,838
	Government		7,099	4,138	19,419	9,873
	Nonprime		0	0	0	3
	Prime second-lien		0	86	0	872
	Total Domestic		15,425	11,240	47,101	46,977

	International		426	627	952	3,867
	Total Mortgage production		$15,851	$11,867	$48,053	$50,844

	Mortgage loan servicing rights at end of period		$3,243	$4,725

	Loan servicing at end of period
	Domestic		$ 353,252	$391,945
	International		26,774	34,079
	Total Loan servicing		$380,026	$426,024

	Asset Quality Statistics - Mortgage Consolidated
	Provision for credit losses by product
	Mortgage loans held for investment		$407	$533	$1,597	$1,158
	Lending receivables		(58)	118	319	256
	Total Provision for credit losses		$349	$652	$1,915	$1,414

	Allowance by product at end of period
	Mortgage loans held for investment		$1,132	$975
	Lending receivables		256	564
	Total Allowance by product		$1,388	$1,539

	Allowance as a % of related receivables at end of period
	Mortgage loans held for investment	15	5.59%	3.66%
	Lending receivables		12.17%	12.95%
	Total Allowance as a % of related receivables	15	6.21%	4.96%

	Nonaccrual loans at end of period	15	$4,369	$5,747
	Nonaccrual loans as a % of related receivables at end of period	15	19.55%	18.53%

	Total nonperforming assets	16	$7,004	$8,493

			Third Quarter		Nine Months
GMAC Insurance Operations			2009	2008	2009	2008

	Income from continuing operations before income tax expense		$81	$73	$206	$382
	Income tax expense from continuing operations		$56	$2	$88	$81
	Net income from continuing operations		$25	$71	$118	$301

	Premiums and service revenue written		$451	$714	$1,275	$2,241
	Premiums and service revenue earned		572	782	1,663	2,319
	Combined ratio	17	101.6%	89.2%	99.0%	93.4%

	Investment portfolio fair value at end of period		$5,244	$6,639
	Memo: After-tax at end of period
	Unrealized gains		$156	$104
	Unrealized losses		(49)	(172)
	Net unrealized gains (losses)		$107	($68)

(15) Excludes SFAS 159 & SFAS 140 assets

(16) Includes SFAS 159 assets

(17) Combined ratio represents the sum of all incurred losses and expenses (excluding interest and income tax expense) divided by the total of premiums and service revenues earned and other income

Numbers may not foot due to rounding

Preliminary
2009 Third Quarter Results
November 4, 2009
9:00 AM EST
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 Inc. (“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 Residential Capital, LLC’s (“ResCap”) 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 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: our inability to successfully accommodate the additional risk exposure relating to providing wholesale and retail
financing to Chrysler dealers and customers and the resulting impact to our financial stability; uncertainty related to Chrysler’s
and GM’s recent exits from bankruptcy; uncertainty related to the new financing arrangement between GMAC and Chrysler;
securing low cost funding for GMAC and ResCap and maintaining the mutually beneficial relationship between GMAC and GM,
and GMAC and Chrysler; our ability to maintain an appropriate level of debt and capital; the profitability and financial condition of
GM and Chrysler; our ability to realize the anticipated benefits associated with our recent conversion to a bank holding company,
and the increased regulation and restrictions that we are subject to; continued challenges in the residential mortgage and capital
markets; the potential for deterioration in the residual value of off-lease vehicles; the continuing negative impact on ResCap of
the 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; 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, Chrysler 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

GMAC: Significant Recent Events 4/09 Became preferred provider of financing for
Chrysler dealers and customers
5/09 Received $3.5 billion capital investment from
U.S. Treasury towards “stress test” requirements
5/09 Received $4.0 billion capital investment from
U.S. Treasury to support Chrysler lending
5/09 Rebranded GMAC Bank as Ally Bank, and
launched major brand-building and deposit-
generation initiative 5/09 Ally Bank granted expanded 23A exemption 6/09 Issued $4.5 billion of FDIC-guaranteed debt
under TLGP 7/09 GM/GMAC contracts transferred to new entity
GM Company .. GM Company assumes all GM
amounts payable to GMAC 8/09 Resumed leasing for GM and Chrysler 9/09 Re-entered ABS market with TALF-eligible
Retail Auto deal by Ally Bank 9/09 Launched online savings in Canada 9/09 Isolated certain businesses as Discontinued
Operations 10/09 Launched Ally Dealer Rewards program 10/09 Entered into agreement to sell U.S. property
and casualty insurance business 10/09 Issued additional $2.9 billion of FDIC-
guaranteed debt under TLGP First Half 2009 Events Third Quarter and Subsequent Events 3

Net loss of $767 million compared to second quarter net loss of $3.9 billion Net loss from continuing operations of $671 million compared to $3.3 billion in second quarter Results impacted by several significant items (see following slide) Originated $7.7 billion and $15.9 billion of auto and mortgage loans respectively Ally Bank net deposits grew $2.3 billion to $27.7 billion during the third quarter Continued to wind down legacy assets and narrowed focus on core auto finance and
mortgage servicing platforms GMAC: Third Quarter 2009 Highlights Key Statistics ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total net revenue 2,109 $ 816 $ 1,200 $ 1,293 $ 909 $ Provision for loan losses 704 $ 1,161 $ 1,099 $ (457) $ (395) $ Net loss from continuing operations (671) $ (3,317) $ (2,538) $ 2,646 $ 1,867 $ Net loss (767) $ (3,903) $ (2,523) $ 3,136 $ 1,756 $ Total assets 178,254 $ 181,248 $ 211,327 $ (2,994) $ (33,073) $ Tier 1 capital ratio 14.4% 13.6% NA 0.8% NA Increase/(Decrease) vs. 4

Certain business lines were isolated as discontinued operations as they are being sold Several significant items impacted third quarter results GMAC: Significant Items Impacting Earnings (1) Includes provision, impairments and reserves on certain non-bank mortgage assets. Note: Loss of ($266) million includes additional significant items that were not reflected in the ($429) million loss shown in the second quarter earnings
presentation: $344 million amortization of bond exchange discount and $62 million of mark-to-market on auto retained interests. 2Q09 loss above excludes $114
million of tax expense related to discontinued operations. ($ millions) 3Q 09 2Q 09 Loss from continuing operations (671) $ (3,317) $ Income tax (benefit) expense from continuing operations (292) 1,099 Loss from continuing operations before income tax expense (963) (2,218) Mortgage repurchase reserve expense 515 231 Loss provision on resort finance assets 161 105 Legacy mortgage provision expense 1 79 504 Commercial and International mortgage portfolio marks / write-downs (23) 830 Amortization of bond exchange discount 309 344 Mark-to-market on auto retained interests (gain) (155) (62) Loss excluding above items (77) $ (266) $ 5

GMAC: Income by Segment (1) Corporate and Other segment includes Commercial Finance, equity investments, amortization of original issue discount from GMAC bond exchange, and
other corporate activities. (2) Discontinued Operations currently includes: U.S. property and casualty insurance (Insurance segment); Argentina operations, United Kingdom full-service
leasing and Italy full-service leasing from International Operations (Global Automotive Finance Segment). Other businesses may be included in discontinued
operations in the future. Global Auto Finance:  Continued normalization of origination volumes, credit expenses and used vehicle
prices Insurance:  Increased focus on dealer related products to complement auto finance business Mortgage Operations:  Further credit related costs outweigh stronger net revenue Corporate/Other:  Continued amortization of original issue discount from the 2008 bond exchanges and loss
provision on the Resort Finance portfolio ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08    North American Automotive Finance 345 $       302 $          (323) $         43 $          668 $            International Automotive Finance 50             45              (56)              5              106           Global Automotive Finance 395           347             (379)           48             774           Insurance 81             95              73                (14)           8                Mortgage Operations (747)        (2,044)        (1,949)        1,297        1,202        Corporate and Other 1 (692)        (616)           (384)           (76)           (308)          Loss from continuing operations (963)        (2,218)        (2,639)        1,255        1,676        Income tax (benefit) expense (292)        1,099          (101)           (1,391)     (191)          Discontinued Operations 2 (96)          (586)          15 490           (111)          Loss (767) $      (3,903) $    (2,523) $      3,136 $    1,756 $      Increase/(Decrease) vs. 6

Global Auto Finance: Highlights Global Auto Finance earned $395 million of pre-tax income from continuing operations compared to
$347 million in the second quarter Three international units have been classified as discontinued and subsequently impaired Consumer originations totaled $7.7 billion for the quarter, a 26% increase from the prior quarter Assisted by “cash-for-clunkers” program and enhanced pricing competitiveness Originated over $720 million of new Chrysler retail loans in 3Q 09 and had over $3.3 billion in
outstanding wholesale financing to Chrysler dealers as of 9/30/09 21% penetration of U.S. retail sales in September compared to 10% in June 2009 As of 9/30/09, 67% wholesale penetration of U.S. Chrysler dealers and 85% of Canadian Chrysler dealers Ally Dealer Rewards Program should promote future growth across Auto Finance and Insurance This program offers a full suite of dealer financial services including retail loans, wholesale financing, auction
services, extended service contracts, and inventory insurance Strong used vehicle prices and improved capital markets had a favorable impact on earnings Loan loss frequency continues to be affected by elevated unemployment levels but is partially offset
by lower loss severity due to improved used car values 7

Global Auto Finance: Key Metrics All tables include North American and International Operations except where noted. Origination and asset base figures include auto loans and leases. (1) Estimated remarketing proceeds at time of lease origination. (2) U.S. scheduled lease terminations on a managed basis by termination year - all lease terms, all vehicle segments (cars, trucks and SUVs). 0.4 ($ mil) Pre-Tax Income of Continuing Operations $294 $(708) $(379) $213 $347 $395 $(1,379) $(1,500) $(1,200) $(900) $(600) $(300) $- $300 $600 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 ($ bil) Global Consumer Originations $15.3 $15.2 $15.0 $13.3 $3.3 $3.7 $6.1 $7.7 $0 $5 $10 $15 $20 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 New-Retail New-Leases/Retail Balloon Contract Used Total ($bil) Global Consumer Auto Asset Base $124 $122 $120 $115 $101 $92 $88 $85 $66 $68 $71 $78 $91 $97 $100 $98 $57 $58 $60 $66 $77 $81 $86 $83 $0 $20 $40 $60 $80 $100 $120 $140 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Serviced Managed On-Balance Sheet (%) Sales Proceeds as % of ALG 1 (U.S. Lease Terminations) 2 75% 80% 85% 90% 95% 100% 105% 110% 115% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2006 2007 2008 2009 8

Global Auto Finance: Condensed Income Statement Notable Items (Pre-Tax) ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total financing revenue and other interest income 3,022 $ 3,108 $ 4,246 $ (86) $ (1,224) $ Interest expense 1,171 1,309 2,179 (138) (1,008) Depreciation expense on operating lease assets 944 1,106 1,471 (162) (527) Impairment of investment in operating leases - - 93 0 (93) Net financing revenue 907 693 503 214 404 Servicing fees 57 58 72 (1) (15) (Loss) gain on automotive loans, net (33) 44 163 (77) (196) Other gain (loss) on investments 158 87 (107) 71 265 Other income 204 205 159 (1) 45 Total other revenue 386 394 287 (8) 99 Total net revenue 1,293 1,087 790 206 503 Provision for loan losses 155 71 437 84 (282) Noninterest expense 743 669 732 74 11 Income (loss) from cont. ops before income tax expense (benefit) 395 347 (379) 48 774 Income tax expense (benefit) from continuing operations 64 1,071 (97) (1,007) 161 Net income (loss) from continuing operations 331 $ (724) $ (282) $ 1,055 $ 613 $ Increase/(Decrease) vs. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Remarketing gain/(loss) 162 $ 134 $ (94) $ 28 $ 256 $ Mark-to-market on retained interests 155 $ 62 $ (98) $ 93 $ 253 $ Credit loss provision for retail balloon contracts 6 $ 68 $ (335) $ (62) $ 341 $ Increase/(Decrease) vs. 9

Global Auto Finance: Credit Allowance Coverage Ratios Consumer coverage ratios declined from 2Q 09 due to changes to the charge-off policy to become
compliant with bank holding company requirements Change in policy accelerated $134 million of charge-offs for which reserves had previously
been established Lower severities in North America are helping offset weak economic trends 3Q 09 commercial coverage ratios declined slightly this quarter but remain elevated relative to prior
years given the number of dealers in a wind down situation Note: Coverage ratio equals credit allowance as a percentage of end of period assets. Global Consumer ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 974 $ 1,173 $ 1,393 $ (199) $ (419) $ Total consumer loans 31,456 $ 33,922 $ 43,020 $ (2,466) $ (11,564) $ Coverage Ratio 3.1% 3.5% 3.2% -0.4% -0.1% Global Commercial 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 206 $ 219 $ 129 $ (13) $ 77 $ Total commercial loans 27,295 $ 24,948 $ 29,979 $ 2,347 $ (2,684) $ Coverage Ratio 0.8% 0.9% 0.4% -0.1% 0.4% Increase/(Decrease) vs. Increase/(Decrease) vs. 10

Shrinking portfolios, mainly in North America, have contributed to increased delinquency rates Elevated unemployment, especially in the U.S., and seasonality continue to affect delinquencies Legacy Nuvell sub-prime portfolio represents less than 14% of total North American consumer receivables and
approximately 41% of delinquent balances Global Auto Finance: Consumer Delinquency Trends Global Delinquencies for Managed Retail Contracts (Greater than 30 Days Past Due) 141 134 134 127 111 105 128 121 3.76% 3.48% 2.96% 3.11% 2.77% 2.37% 2.20% 2.69% 0 40 80 120 160 200 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 -0.30% 0.20% 0.70% 1.20% 1.70% 2.20% 2.70% 3.20% 3.70% 4.20% Delinquent Contracts Delinquecies as a % of Managed Contracts North American Delinquencies for Managed Retail Contracts (Greater then 30 Days Past Due) 99 87 70 90 83 68 63 87 4.36% 3.74% 2.86% 3.39% 2.90% 2.31% 2.05% 2.82% 0 50 100 150 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% Delinquent Contracts Delinquencies as a % of Managed Contracts Loans > 30 Days Past Due North America Europe Asia Pacific Latin America Global 3Q 09 4.36% 1.31% 0.74% 5.06% 3.76% 3Q 08 2.90% 1.50% 1.83% 3.93% 2.77% Year-over-Year Change +146 bps -19 bps -109 bps +113 bps +99 bps 11

Global Auto Finance: Consumer Loss Trends Loss numbers for this quarter were impacted by a charge off policy change as demonstrated below ($ mil) Global Annualized Credit Losses for Managed Retail Assets 267 280 306 256 241 231 177 309 134 3.29% 2.27% 2.41% 2.10% 1.56% 1.40% 1.34% 1.05% 2.19% $0 $100 $200 $300 $400 $500 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% Incremental $ Impact from Policy Change Credit Losses ex. Policy Change Credit Losses as a % of Avg. Managed Assets ex. Policy Change Credit Losses as a % of Avg. Managed Assets Delinquent Contracts Delinquencies as a % of Managed Contracts ($) North American Loss Per Vehicle (Serviced basis) $9,730 $10,087 $11,062 $11,760 $12,747 $11,246 $10,398 $9,288 $6,000 $8,000 $10,000 $12,000 $14,000 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Net Retail Losses (% Avg Assets) North America Europe Asia Pacific Latin America Global 3Q 09 (reported number) 3.31% 0.94% 0.82% 8.32% 3.29% 3Q 09 (excluding change in charge-off policy) 2.39% 1.31% 0.82% 2.51% 2.19% 3Q 08 1.90% 0.28% 0.70% 1.52% 1.56% Year-over-Year Change (vs. reported number) +141 bps +66 bps +12 bps +680 bps +173 bps Year-over-Year Change (vs. excluding change in charge-off policy) +63 bps +49 bps +103 bps +12 bps +99 bps 12

Insurance Highlights Reached agreement to sell U.S.
consumer property and casualty
insurance business 3Q 09 written premiums increased
from 2Q 09 driven by “Cash-for-
Clunkers” volume Opportunity to increase written
premiums with the Ally Dealer
Rewards Program Note: 4Q 08 includes reversal of prior written premium not yet earned in conjunction with
GMAC RE sale. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Insurance premiums and service revenue earned 572 $ 545 $ 782 $ 27 $ (210) $ Investment income (loss) 87 88 (19) (1) 106 Other income 24 17 24 7 - Total insurance premiums and other income 683 650 787 33 (104) Insurance losses and loss adjustment expenses 300 274 391 26 (91) Acquisition and underwriting expenses 302 281 323 21 (21) Total expense 602 555 714 47 (112) Income from cont. ops before income tax expense 81 95 73 (14) 8 Income tax expense from continuing operations 56 27 2 29 54 Net income from continuing operations 25 $ 68 $ 71 $ (43) $ (46) $ Increase/(Decrease) vs. ($ mil) Net Premium/Revenue Written from Continuing Operations $593 $610 $411 $84 $194 $124 $105 ($191) $538 $615 $447 $413 $450 -$250 $0 $250 $500 $750 $1,000 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Continued Ops Less Reinsurance Reinsurance 13

Mortgage Operations: Highlights Mortgage Operations includes ResCap, LLC as well as the mortgage activities of Ally Bank and
ResMor Trust Mortgage Operations results differ materially from ResCap, LLC The Mortgage Operations segment experienced a net loss for the quarter driven primarily by repurchase
reserve expense Provision for loan losses decreased to $349 million in the third quarter from $916 million in the
second quarter Loan repurchase reserves were increased resulting in an expense of $515 million Stronger net revenue of $585 million driven by improved core business margins and net servicing
revenue Originated $15.9 billion of new mortgage loans consisting of conforming, government and limited
amount of high quality jumbo loans Down slightly from last quarter due to lower refinancing volume but up 34% year over year GMAC continues to help homeowners restructure their loans through participation in the Home
Affordable Modification Program 14

Mortgage Operations: Key Metrics Note: Government and prime second liens are included in prime non-conforming. Total assets include $3.8 billion of assets securitized
on-balance sheet and $1.8 billion of assets related to
other balance sheet gross-ups at 9/30/09 ($ mil) Pre-Tax Income $(932) $(905) $(1,761) $(1,949) $(1,068) $(1,138) $(2,044) $(747) $(2,500) $(2,000) $(1,500) $(1,000) $(500) $- 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 ($ bil) Total Assets $82 $74 $65 $58 $48 $50 $54 $57 $- $20 $40 $60 $80 $100 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 ($ bil) Mortgage Loan Production by Type $20.8 $20.9 $18.1 $11.9 $8.5 $13.4 $18.8 $15.9 $0 $5 $10 $15 $20 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Total Originations Prime Conforming Prime Non Conforming Government Non Prime Prime Second Lien Total International ($ bil) Primary Servicing - Period End $462 $460 $437 $426 $394 $386 $381 $380 $0 $100 $200 $300 $400 $500 $600 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Prime Conforming Prime Non-Conforming Non Prime 1 15

Mortgage Operations: Condensed Income Statement Notable Items (Pre-Tax) (1) Includes provision, impairments and reserves on certain non-bank mortgage assets. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total financing revenue and other interest income 570 $ 590 $ 862 $ (20) $ (292) $ Interest expense 450 507 824 (57) (374) Net financing revenue 120 83 38 37 82 Servicing fees 328 341 369 (13) (41) Servicing asset valuation & hedge activities, net (110) (240) (261) 130 151 Gain (loss) on mortgage loans, net 227 (402) (138) 629 365 Gain on extinguishment of debt - - 23 - (23) Other income, net of losses 20 (333) (187) 353 207 Total other revenue (expense) 465 (634) (194) 1,099 659 Total net revenue (loss) 585 (551) (156) 1,136 741 Provision for loan losses 349 916 652 (567) (303) Noninterest expense 983 577 1,141 406 (158) Loss before income tax benefit (747) (2,044) (1,949) 1,297 1,202 Income tax benefit (154) (208) (18) 54 (136) Net loss (593) $ (1,836) $ (1,931) $ 1,243 $ 1,338 $ Increase/(Decrease) vs. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Net servicing 217 $ 101 $ 109 $ 116 $ 108 $ Legacy mortgage provision expense, net 1 (79) $ (504) $ (526) $ 424 $ 446 $ Commercial and International mortgage portfolio marks / write-downs 23 $ (830) $ (195) $ 853 $ 218 $ Repurchase reserve expense (515) $ (231) $ (112) $ (284) $ (403) $ Increase/(Decrease) vs. 16

Mortgage Operations: Credit Allowance Coverage Ratios The consumer coverage ratio increased over prior periods Despite consumer mortgage assets decreasing by over 25% since 3Q 08, the allowance
balance has increased 16% The commercial mortgage coverage ratio is down relative to prior periods as certain distressed assets
have been resolved or charged-off During 3Q09, credit allowance decreased due to significant cash collections on certain legacy
commercial assets Asset levels have declined by more than 50% over the last 12 months Consumer ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 1,132 $ 1,133 $ 976 $ (1) $ 156 $ Total consumer loans 22,388 $ 24,060 $ 29,906 $ (1,672) $ (7,518) $ Coverage Ratio 5.1% 4.7% 3.3% 0.4% 1.8% Commercial 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 256 $ 536 $ 564 $ (280) $ (308) $ Total commercial loans 2,102 $ 3,412 $ 4,356 $ (1,310) $ (2,254) $ Coverage Ratio 12.2% 15.7% 12.9% -3.5% -0.7% Increase/(Decrease) vs. Increase/(Decrease) vs. 17

Corporate and Other: Condensed Income Statement Notable Items (Pre-Tax) ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Net financing loss (501) $ (441) $ (114) $ (60) $ (387) $ Gain (loss) on extinguishment of debt 4 8 (1) (4) 5 Other income, net of losses 45 63 (109) (18) 154 Total other revenue 49 71 (110) (22) 159 Total net loss (452) (370) (224) (82) (228) Provision for loan losses 200 174 10 26 190 Noninterest expense 40 72 150 (32) (110) Loss from cont. ops before income tax expense (692) (616) (384) (76) (308) Income tax (benefit) expense from cont. ops (258) 209 12 (467) (270) Net loss from continuing operations (434) $ (825) $ (396) $ 391 $ (38) $ Increase/(Decrease) vs. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Amortization of bond exchange discount (309) $ (344) $ - $ 35 $ (309) $ Loss provision on resort finance assets (161) $ (105) $ - $ (56) $ (161) $ Increase/(Decrease) vs. 18

Ally Bank in the U.S. and ResMor Trust in Canada provide funding flexibility for GMAC through their
deposit-taking capabilities as well as other sources of favorable funding The Ally value proposition is resonating with consumers and has been extended to certain ResMor
products “Straightforward” and “Doing Right” promise No monthly fees or minimum balances 24/7 customer service Ally and ResMor total deposits increased 58% year over year to $28.8 billion (excluding certain
intercompany deposits) as of 9/30/2009 GMAC: Deposits (1) 3Q 09 figures exclude $5.2 billion of GMAC deposits. ($bil) GMAC Inc. - Bank Deposit Levels 1 $4.1 $4.5 $7.2 $11.0 $14.5 $15.9 $10.7 $10.9 $10.7 $9.5 $8.7 $9.5 $17.6 $18.3 $20.0 $23.1 $26.3 $28.8 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Ally Bank Retail Ally Bank Brokered Ally Bank Other ResMor 19

GMAC: Liquidity Parent company available
liquidity stands at $29.7 billion $9.5 billion of this
liquidity is available
based on current
collateral $8.3 billion of available
cash liquidity ABS market conditions
significantly improved (1) GMAC Consolidated includes Insurance, ResCap, and Ally Bank. (2) Includes approximately $5.2 billion of overnight funds on deposit at Ally Bank. (3) ResCap legal entity information. Does not include Ally Bank. Note: Numbers may not foot due to rounding. (1) Includes approximately $5.2 billion of overnight funds on deposit at Ally Bank. (2) Capacity is subject to availability of incremental collateral. Note: Numbers may not foot due to rounding. GMAC ex. GMAC Ins., ResCap, Ally ($ billions) Consolidated 1 Ally Bank 2 Insurance ResCap LLC 3 Bank Cash & Cash Equivalents (6/30/09) $18.7 $9.4 $0.9 $1.2 $7.2 Net Increase (Decrease) in Unsecured Debt (3.3) (3.1) (0.2) Change in Assets net of On-Balance Sheet securitizations 1.9 3.8 0.1 (2.0) Change in Intercompany Secured Loans = 0.6 + + (0.6) + Net Purchase of Investment Securities (4.4) (0.6) (0.3) (3.5) Internal Capital Contributions (1.5) 1.5 Increase (Decrease) in Deposits 3.2 0.9 2.3 Other (1.8) (1.2) (0.5) 0.4 (0.5) Cash & Cash Equivalents (9/30/09) $14.2 $8.3 $0.1 $0.9 $5.0 Net Change in Cash & Cash Equivalents in Q3 ($4.4) ($1.1) ($0.8) ($0.3) ($2.2) Parent Company Available Liquidity to Support Asset Generation ($ billions) 9/30/09 6/30/09 % Change Cash and Cash Equivalents 1 8.3 $ 9.4 $ -12% Unencumbered Securities 0.1 0.4 -75% Current Secured Committed Unused Capacity 1.0 5.0 -80% Current Unsecured Committed Unused Capacity 0.1 0.1 0% Total Current Available Liquidity 9.5 14.9 -36% Potential Secured Committed Unused Capacity 2 7.9 7.9 0% Potential Unsecured Committed Unused Capacity 2 - - - Whole Loan Forward Flow Agreements 2 12.3 13.1 -6% Total Available Liquidity 29.7 $ 35.9 $ -17% 20

GMAC: Capital Ratios (1) The risk-weighted assets are determined by allocating assets and specified off-balance sheet financial instruments into six weighted
categories, with higher levels of capital being required for the categories perceived as representing greater risk. The Company’s
September 30, 2009 preliminary risk-weighted assets reflect estimated on-balance sheet risk weighted assets of $146 billion and
derivative and off-balance sheet risk-weighted assets of $19 billion. Note: Numbers may not foot due to rounding. See slide 28 for further details on capital numbers stated above. ($ billions) 9/30/2009 Preliminary 6/30/2009 Tier 1 Capital 23.8 $ 25.0 $ Tier 1 Common Capital 10.0 $ 11.2 $ Total Risk-Based Capital 26.1 $ 27.7 $ Tangible Common Equity 10.5 $ 11.5 $ Tangible Assets 177.6 $ 180.5 $ Risk-Weighted Assets 1 165.2 $ 183.4 $ Tier 1 Capital Ratio 14.4% 13.6% Tier 1 Common Capital Ratio 6.1% 6.1% Total Risk-Based Capital Ratio 15.8% 15.1% Tangible Common Equity/ Tangible Assets 5.9% 6.4% Tangible Common Equity/ Risk-Weighted Assets 6.3% 6.3% 21

GMAC: Conclusion Third quarter results affected by continued cleanup of credit costs and several significant items GMAC continues its strategic review of businesses and additional platforms may be impacted in the future Auto business was profitable again this quarter and origination volumes continue to increase Used car values have recovered Ally Dealer Rewards program was introduced Mortgage Operations continues to experience losses while resolving legacy issues Positive trends in mortgage origination and servicing business resulted in stronger net revenue Utilized GMAC’s improved capital position to support core businesses Ally Bank continues to build brand awareness and retail deposit base GMAC team remains focused on five core strategic initiatives: Transition to and meet all bank holding company requirements Strengthen the company’s liquidity and capital position by transforming to a deposit funded institution Build a world class GMAC organization Expand and diversify customer-focused revenue opportunities in auto and mortgage, with available funding
driving originations Drive returns by repositioning GMAC’s risk profile and maximizing efficiencies 22

Supplemental Charts

23

GMAC: Preliminary Consolidated Condensed Income Statement Supplemental ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total financing revenue and other interest income 3,417 $ 3,563 $ 4,951 $ (146) $ (1,534) $ Interest expense 1,899 2,069 2,880 (170) (981) Depreciation expense on operating lease assets 944 1,106 1,472 (162) (528) Impairment of investment in operating leases - - 93 - (93) Net financing revenue 574 388 506 186 68 Servicing fees 384 399 441 (15) (57) Servicing asset valuation and hedge activities, net (110) (240) (261) 130 151 Insurance premiums and service revenue earned 582 557 791 25 (209) Gain (loss) on mortgage and automotive loans, net 194 (362) 25 556 169 Gain on extinguishment of debt 10 14 59 (4) (49) Other gain (loss) on investments, net 216 98 (396) 118 612 Other income, net of losses 259 (38) 35 297 224 Total other revenue 1,535 428 694 1,107 841 Total net revenue 2,109 816 1,200 1,293 909 Provision for loan losses 704 1,161 1,099 (457) (395) Insurance losses and loss adjustment expenses 335 308 423 27 (88) Impairment of goodwill - - 16 - (16) Other operating expenses 2,033 1,565 2,301 468 (268) Total noninterest expense 2,368 1,873 2,740 495 (372) Loss from cont. ops before income tax (benefit) expense (963) (2,218) (2,639) 1,255 1,676 Income tax (benefit) expense from cont. ops (292) 1,099 (101) (1,391) (191) Net loss income from continuing operations (671) (3,317) (2,538) 2,646 1,867 Loss from discontinued ops, net of tax (96) (586) 15 490 (111) Net loss (767) $ (3,903) $ (2,523) $ 3,136 $ 1,756 $ Increase/(Decrease) vs. 24

GMAC: Preliminary Consolidated Condensed Balance Sheet Supplemental Increase/ (Decrease) vs. ($ millions) 9/30/09 12/31/08 12/31/08 Cash and cash equivalents 14,225 $ 15,151 $ (925) $ Investment securities 14,376 7,444 6,932 Loans held-for-sale 14,963 7,919 7,044 Finance receivables and loans, net of unearned Income 87,452 100,073 (12,621) Allowance for loan losses (2,974) (3,433) 459 Total finance receivables and loans, net 84,478 96,640 (12,162) Investment in operating leases, net 18,867 26,390 (7,524) Other assets 28,906 35,932 (7,026) Assets of discontinued operations held-for-sale 2,439 - 2,439 Total assets 178,254 $ 189,476 $ (11,222) $ Unsecured debt 45,295 $ 53,213 $ (7,918) $ Secured debt 56,746 73,108 (16,362) Total debt 102,041 126,321 (24,280) Deposit liabilities 29,324 19,807 9,517 Other liabilities 20,166 21,494 (1,328) Liabilities of discontinued operation held-for-sale 1,782 - 1,782 Total liabilities 153,313 167,622 (14,309) Equity 24,941 21,854 3,087 Total liabilities and equity 178,254 $ 189,476 $ (11,222) $ 25

GMAC: Net Income by Segment Supplemental (1) Corporate and Other segment includes Commercial Finance, equity investments, amortization of original issue discount from GMAC bond exchange, and other corporate
activities. (2) Discontinued Operations currently includes: U.S. property and casualty insurance (Insurance segment); Argentina operations, United Kingdom full-service leasing and Italy full-
service leasing from International Operations (Global Automotive Finance Segment). Other businesses may be included in discontinued operations in the future. ($ millions) 3Q 09 Continuing Operations 3Q 09 Discontinued Operations (2) 3Q 09 Total Net Income (Loss) North America 314 $ - $ 314 $ International 17 (167) (150) Global Automotive Finance 331 (167) 164 Insurance 25 71 96 Mortgage Operations (593) - (593) Corporate and Other (1) (434) - (434) Consolidated Net income (loss) (671) $ (96) $ (767) $ 26

ResCap, LLC: Key Financial Information (1) For the purpose of ResCap’s tangible net worth covenants, consolidated tangible net worth is defined as the company’s
consolidated equity, excluding intangible assets and any equity in Ally Bank to the extent included in ResCap’s consolidated
balance sheet. Note: Results as they appear on a ResCap, LLC reported basis and include ownership of ResMor Trust through 1/1/2009 and
Ally Bank through 1/30/2009. Supplemental ResCap, LLC met its covenants at quarter end with tangible net worth of $409 million at the
end of the third quarter ($ millions) 3Q 09 3Q 08 Net loss (649) $ (1,912) $ Net loss excluding gain on debt extinguishment (649) $ (1,954) $ ($ millions) 9/30/2009 12/31/2008 Cash & cash equivalents 919 $ 6,983 $ Tangible net worth 409 $ 350 $ Total assets 19,749 $ 57,961 $ 27

GMAC: Capital Measures as of 9/30/09 Supplemental Note: Numbers may not foot due to rounding. Capital 9/30/2009 6/30/2009 Shareholders’ Equity 24.9 $ 26.0 $ Less: Goodwill and certain other intangibles (0.7) (0.7) Unrealized (gain) loss and other adjustments (0.5) (0.3) Total Tier 1 Capital 23.8 25.0 Total Tier 1 Capital 23.8 25.0 Less: Senior preferred (12.5) (12.5) Preferred interest (1.3) (1.3) Tier 1 Common 10.0 11.2 Total Tier 1 Capital 23.8 25.0 Add: Qualifying subordinated debt and redeemable preferred stock 0.2 0.2 Allowance for loan and lease losses includible in Tier 2 Capital 2.1 2.4 Total Risk-Based Capital 26.1 27.7 Total Equity 24.9 26.0 Less: Preferred equity (13.8) (13.8) Goodwill and intangible assets (0.7) (0.7) Tangible Common Equity 10.5 11.5 Total Assets 178.3 181.2 Less: Goodwill and intangible assets (0.7) (0.7) Tangible Assets 177.6 $ 180.5 $ ($ billions) 28

Global Capital and Liquidity: Term Debt Maturity Profile Supplemental Note: Numbers may not foot due to rounding. Maturities are as of 9/30/2009 and reflect par value of debt. Excludes original issue discount of $4.6 billion,
and collateralized borrowings in securitization trusts representing mortgage lending related debt that is repaid upon the principal payments of the
underlying assets, of $3.5 billion. ($ bil) $4 $8 $10 $10 $2 $16 $5 $20 $14 $3 $2 $3 $8 $29 $24 $13 $4 $18 $- $5 $10 $15 $20 $25 $30 2009 2010 2011 2012 2013 2014 and thereafter Unsecured Secured Total 29

GMAC: Ownership Structure Supplemental Preferred Ownership as of 9/30/2009 Common Ownership as of 9/30/2009 35.4% 22.0% 18.1% 14.6% 9.9% U.S. Treasury Cerberus and Affiliates Cerberus Co-Investors GM Trust GM Company ($ millions) Series Owner Liquidation Preference Book Value Series F Mandatory Convertible Preferred U.S. Treasury $7,500.0 $7,500.0 Series F Mandatory Convertible Preferred (exercised warrants) U.S. Treasury $375.1 $0.1 Series D-1 Perpetual Preferred U.S. Treasury $5,000.0 $5,000.0 Series D-2 Perpetual Preferred (exercised warrants) U.S. Treasury $250.0 $0.0 Series G Perpetual Preferred Investors $2,576.6 $235.0 Series A Perpetual Preferred GM Company $1,047.3 $1,052.0 Preferred Ownership 30