ResCap`s Ditech Operations Relocating to Pennsylvania

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Press Release

February 9, 2010 - DSNews.com

ResCap`s Ditech Operations Relocating to Pennsylvania

GMAC Financial Services has announced plans to relocate its Ditech business, which is part of the company's mortgage subsidiary Residential Capital, LLC (ResCap), to the corporate center in Fort Washington, Pennsylvania. GMAC said Ditech 'was not performing up to expectation in its previous configuration,' and expects the move to improve operational efficiencies by leveraging a common infrastructure for both Ditech and GMAC Mortgage.

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