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Exhibit 12.1


Residential Capital Corporation


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




|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |           |  |   |           |           | 
|--------------------------------------------------------- | ---------------------------------- | ---------------------- | ---------- | --------- | ------------------- | - | --------- | --------- |  | - | ---------- | --------- |  | - | --------- | --------- | 
|                                                          |                                    | Three Months           |            |           | Nine Months         |  
|                                                          |                                    | Ended September 30,    |            |           | Ended September 30, |  
|                                                          |                                    |                        |            |           |                     |  
|                                                          |                                    | 2007                   |            |           | 2006                |   |           | 2007      |  |   | 2006       |          
|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |          
|                                                          |                                    | (Dollars in thousands) |           
|Net income (loss) before adjustment for minority interest |                                    | $                      | (2,236,366 | )         |                     | $ | 83,433    |           |  | $ | (3,357,348 | )         |  | $ | 833,075   |          
|Income tax expense (benefit)                              |                                    |                        | (119,442   | )         |                     |   | 65,538    |           |  |   | 16,187     |           |  |   | 534,129   |          
|Equity-method investee distribution                       |                                    |                        | 10,991     |           |                     |   | 5,958     |           |  |   | 41,628     |           |  |   | 653,744   |          
|Equity-method investee earnings                           |                                    |                        | 13,355     |           |                     |   | (10,943   | )         |  |   | (9,283     | )         |  |   | (490,791  | )        
|Interest expense                                          |                                    |                        | 1,680,746  |           |                     |   | 1,703,606 |           |  |   | 5,082,307  |           |  |   | 4,696,869 |          
|Interest portion of rental expense                        |                                    |                        | 10,719     |           |                     |   | 9,990     |           |  |   | 33,663     |           |  |   | 30,036    |          
|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |          
|Earnings available to cover fixed charges                 |                                    | $                      | (639,997   | )         |                     | $ | 1,857,582 |           |  | $ | 1,807,154  |           |  | $ | 6,257,062 |          
|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |          
|Fixed Charges:                                            |                                    |                        |            |           |                     |   |           |           |  |   |            |           |  |   |           |          
|                                                          | Interest expense                   |                        | $          | 1,680,746 |                     |   | $         | 1,703,606 |  |   | $          | 5,082,307 |  |   | $         | 4,696,869 | 
|                                                          | Interest portion of rental expense |                        |            | 10,719    |                     |   |           | 9,990     |  |   |            | 33,663    |  |   |           | 30,036    | 
|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |          
|Total fixed charges                                       |                                    | $                      | 1,691,465  |           |                     | $ | 1,713,596 |           |  | $ | 5,115,970  |           |  | $ | 4,726,905 |          
|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |          
|Ratio of earnings to fixed charges(a)                     |                                    |                        | (0.38      | )         |                     |   | 1.08      |           |  |   | 0.35       |           |  |   | 1.32      |          
|                                                          |                                    |                        |            |           |                     |   |           |           |  |   |            |          



|    |                                                                                                                                                                                                                                                                                                                                                                
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(a) | The ratio calculation indicates a less than one-to-one coverage
    for the three and nine months ended September 30, 2007.
    Earnings available for fixed charges for the three and nine
    months ended September 30, 2007, is inadequate to cover
    total fixed charges. The deficit amounts for the ratio are $2.3
    and $3.3 billion, respectively.