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Exhibit 12.1


Residential Capital Corporation


Exhibit 12.1  Computation of the Ratio of
Earnings to Fixed Charges




|                                          |                                    |                        |           |           |      |   |           |         | 
|----------------------------------------- | ---------------------------------- | ---------------------- | --------- | --------- | ---- | - | --------- | ------- | 
|                                          |                                    | Three Months           |          
|                                          |                                    | Ended March 31,        |          
|                                          |                                    |                        |          
|                                          |                                    | 2006                   |           |           | 2005 |  
|                                          |                                    |                        |           |           |      |  
|                                          |                                    | (Dollars in thousands) |          
|Net income                                |                                    | $                      | 201,494   |           |      | $ | 321,795   |        
|Income tax expense                        |                                    |                        | 137,973   |           |      |   | 207,055   |        
|Interest expense                          |                                    |                        | 1,435,369 |           |      |   | 765,910   |        
|Interest portion of rental expense        |                                    |                        | 9,700     |           |      |   | 8,619     |        
|                                          |                                    |                        |           |           |      |  
|Earnings available to cover fixed charges |                                    | $                      | 1,784,536 |           |      | $ | 1,303,379 |        
|                                          |                                    |                        |           |           |      |  
|Fixed Charges:                            |                                    |                        |           |           |      |   |           |        
|                                          | Interest expense                   |                        | $         | 1,435,369 |      |   | $         | 765,910 | 
|                                          | Interest portion of rental expense |                        |           | 9,700     |      |   |           | 8,619   | 
|                                          |                                    |                        |           |           |      |  
|Total fixed charges                       |                                    | $                      | 1,445,069 |           |      | $ | 774,529   |        
|                                          |                                    |                        |           |           |      |  
|Ratio of earnings to fixed charges        |                                    |                        | 1.23      |           |      |   | 1.68      |        
|                                          |                                    |                        |           |           |      |