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Exhibit 12.1


Residential Capital Corporation


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




|                                          |                                    |                        |           |           |      |   |           |           | 
|----------------------------------------- | ---------------------------------- | ---------------------- | --------- | --------- | ---- | - | --------- | --------- | 
|                                          |                                    | Nine Months            |          
|                                          |                                    | Ended September 30,    |          
|                                          |                                    |                        |          
|                                          |                                    | 2005                   |           |           | 2004 |  
|                                          |                                    |                        |           |           |      |  
|                                          |                                    | (Dollars in thousands) |          
|Net income                                |                                    | $                      | 902,326   |           |      | $ | 710,281   |          
|Income tax expense                        |                                    |                        | 556,873   |           |      |   | 498,395   |          
|Interest expense                          |                                    |                        | 2,653,393 |           |      |   | 1,671,551 |          
|Interest portion of rental expense        |                                    |                        | 29,143    |           |      |   | 25,317    |          
|                                          |                                    |                        |           |           |      |  
|Earnings available to cover fixed charges |                                    | $                      | 4,141,735 |           |      | $ | 2,905,544 |          
|                                          |                                    |                        |           |           |      |  
|Fixed Charges:                            |                                    |                        |           |           |      |   |           |          
|                                          | Interest expense                   |                        | $         | 2,653,393 |      |   | $         | 1,671,551 | 
|                                          | Interest portion of rental expense |                        |           | 29,143    |      |   |           | 25,317    | 
|                                          |                                    |                        |           |           |      |  
|Total fixed charges                       |                                    | $                      | 2,682,536 |           |      | $ | 1,696,868 |          
|                                          |                                    |                        |           |           |      |  
|Ratio of earnings to fixed charges        |                                    |                        | 1.54      |           |      |   | 1.71      |          
|                                          |                                    |                        |           |           |      |