GMAC-RFC Appoints Knight to Key Strategic Marketing Position; U.K. Industry Vet to Play Key Role in GMAC-RFC's Largest Business Group

		GMAC-RFC LOGO GMAC-RFC (Residential Funding Corporation) logo. GMAC-RFC, a wholly owned subsidiary of General Motors Acceptance Corporation, is America's largest private-label issuer of mortgage-backed securities and a leading warehouse lender. The company leverages its strengths in securitization, lending and investment to offer a broad portfolio of innovative capital solutions. The company is headquartered in Minneapolis and operates in the United States, Europe, Latin America and Japan. Contact: http://www.rfc.com. (PRNewsFoto)[KI] MINNEAPOLIS, MN USA

		GMAC-RFC SIMON KNIGHT Simon Knight, managing director, strategic marketing, for GMAC-RFC's Residential Capital Group. (PRNewsFoto)[AS] MINNEAPOLIS, MN USA

MINNEAPOLIS, Jan. 31 /PRNewswire/ -- Residential Funding Corporation (GMAC-RFC) today announced the appointment of Simon Knight to managing director of strategic marketing for its Residential Capital Group (RCG). He will define, plan and lead marketing for the RCG, the company's U.S. mortgage finance and securitization business. (Photo: http://www.newscom.com/cgi-bin/prnh/20020131/MNTH019 http://www.newscom.com/cgi-bin/prnh/20000324/MNF002 ) In his new role, Knight will be responsible for identifying and developing marketing strategies to enhance partnerships with RCG mortgage lender and broker clients. Knight will also manage the design and implementation of Customer Relationship Management (CRM) related technologies to strengthen and maximize relationships with RCG's business partners. In addition, Knight will provide leadership in developing a global brand, shareholder relations and identifying new markets across all GMAC-RFC businesses. "We're extremely pleased to have a highly skilled, experienced professional in Simon Knight as part of our team," said Michael J. Kozlak, president of RCG. "Bringing Simon in reflects our commitment to create a sharper marketing focus around our strategic direction: Partnering to create better value for homeowners." Previously, Knight was responsible for strategic business planning, marketing communications and product development for GMAC-RFC's residential mortgage finance business in the U.K. Knight has worked 15 years with U.K. companies in both business-to-business and direct-to-consumer environments. Extensive experience with brand management, media relations and product management complete his resume. ABOUT GMAC-RFC GMAC-RFC, a wholly owned subsidiary of GMAC Financial Services, is a leading private issuer of mortgage-backed securities and home equity loan asset-backed securities, and the No. 1 warehouse lender in the U.S. The company leverages its strengths in securitization, lending and investment to offer a broad portfolio of innovative capital solutions. The company is headquartered in Minneapolis and operates in the U.S., Europe, Latin America and Japan. http://www.gmacrfc.com