##### 



Exhibit 12.1


Residential Capital Corporation


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




|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |           |  |   |           |           | 
|--------------------------------------------------------- | ---------------------------------- | ---------------------- | --------- | --------- | -------------- | - | --------- | --------- |  | - | ---------- | --------- |  | - | --------- | --------- | 
|                                                          |                                    | Three Months           |           |           | Six Months     |  
|                                                          |                                    | Ended June 30,         |           |           | Ended June 30, |  
|                                                          |                                    |                        |           |           |                |  
|                                                          |                                    | 2007                   |           |           | 2006           |   |           | 2007      |  |   | 2006       |          
|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |          
|                                                          |                                    | (Dollars in thousands) |          
|Net income (loss) before adjustment for minority interest |                                    | $                      | (229,595  | )         |                | $ | 548,148   |           |  | $ | (1,120,982 | )         |  | $ | 749,642   |          
|Income tax expense                                        |                                    |                        | 64,988    |           |                |   | 330,618   |           |  |   | 135,629    |           |  |   | 468,591   |          
|Equity-method investee distribution                       |                                    |                        | 3,365     |           |                |   | 622,550   |           |  |   | 30,637     |           |  |   | 647,786   |          
|Equity-method investee earnings                           |                                    |                        | (5,412    | )         |                |   | (447,635  | )         |  |   | (22,638    | )         |  |   | (479,848  | )        
|Interest expense                                          |                                    |                        | 1,656,377 |           |                |   | 1,557,894 |           |  |   | 3,401,561  |           |  |   | 2,993,263 |          
|Interest portion of rental expense                        |                                    |                        | 12,408    |           |                |   | 10,345    |           |  |   | 22,944     |           |  |   | 20,045    |          
|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |          
|Earnings available to cover fixed charges                 |                                    | $                      | 1,502,131 |           |                | $ | 2,621,920 |           |  | $ | 2,447,151  |           |  | $ | 4,399,479 |          
|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |          
|Fixed Charges:                                            |                                    |                        |           |           |                |   |           |           |  |   |            |           |  |   |           |          
|                                                          | Interest expense                   |                        | $         | 1,656,377 |                |   | $         | 1,557,894 |  |   | $          | 3,401,561 |  |   | $         | 2,993,263 | 
|                                                          | Interest portion of rental expense |                        |           | 12,408    |                |   |           | 10,345    |  |   |            | 22,944    |  |   |           | 20,045    | 
|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |          
|Total fixed charges                                       |                                    | $                      | 1,668,785 |           |                | $ | 1,568,239 |           |  | $ | 3,424,505  |           |  | $ | 3,013,308 |          
|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |          
|Ratio of earnings to fixed charges                        |                                    |                        | 0.90      |           |                |   | 1.67      |           |  |   | 0.71       |           |  |   | 1.46      |          
|                                                          |                                    |                        |           |           |                |   |           |           |  |   |            |