NEWS FROM "THE HOUSE TEAM"

Mortgage Intelligence introduces i ProvideTM: A new home equity line of credit that offers more freedom and flexibility

TORONTO, ON (November 8, 2006) – Mortgage Intelligence, a GMAC company, today announced its latest innovation, i provideTM. The new home equity line of credit will allow home owners to access funds for up to 90 per cent of the value of their home without any lender fees or mortgage insurance premiums.

Underwritten by GMAC Residential Funding of Canada, i provideTM makes it easier for home owners to unlock the equity built up in their biggest asset – their house. i provideTM offers the freedom to access funds needed for renovations, investments, vacations or anything else that makes sense to a home owner. This particular line of credit is of tremendous advantage to selfemployed individuals and small business owners because they can qualify for up to 85 per cent of the value of their home without providing proof of income.

“The appeal of i provideTM is the freedom and flexibility it affords people,” says Lee Goderstad, President, GMAC Residential Funding of Canada. “Whether you want the funds for home renovations, a dream vacation, to pay down higher interest debt or to fund your child’s education, the choice is yours. It’s a personal financing tool like no other in the Canadian market and will provide a significant advantage to Mortgage Intelligence consultants and associates.”

Some of the product benefits available through an i provideTM home equity line of credit includes:

• No proof of income on up to 85 per cent value of the home

• Possible to borrow up to 90 per cent of the home’s value to a maximum of 600,000 (or $700,000 if you live in Toronto, Vancouver or Victoria).

• No need to purchase mortgage insurance

• No lender fees

• Renewable five-year terms with variable rates as low as prime

• Interest-only minimum monthly payments

• Flexible principal prepayment options with no penalty “Traditional lenders and other credit lines don’t offer as much flexibility,” adds Mr. Goderstad.

“Your interest rate can also be as low as prime, and you have the option to pay interest only for your minimum monthly payments, a real plus if you are a first-time home buyer seeking payment flexibility.”

About Mortgage Intelligence, Inc.

Mortgage Intelligence Inc. is among the largest and fastest growing mortgage brokers in Canada, with more than 1,000 independent consultants and associates in offices across Canada. Mortgage
Intelligence consultants help clients make better mortgage decisions for their home, revenue or vacation properties, renewals, home renovations, debt consolidation needs, and specialized mortgage requirements. Mortgage Intelligence has become a leader in introducing innovative mortgage products that cater to niche segments such as the self-employed. The company had funded volumes in excess of $8 billion in fiscal year 2005. Mortgage Intelligence is a GMAC company.

For more information, visit: www.mortgageintelligence.ca.

About GMAC Residential Funding of Canada, Limited Founded in 2002, GMAC Residential Funding of Canada has had mortgage originations in excess of $2.1 billion. The company offers a wide variety mortgages, and specializes in mortgages for self-employed Canadians. The company has issued over $1 billion of securities to the Canadian
market since its arrival in 2002. GMAC RFOC is a subsidiary of Residential Capital Corporation (www.rescapholdings.com), which is an indirect wholly owned subsidiary of General Motors Acceptance Corporation.

For more information, visit: www.gmacresidential.ca.