COLUMBUS, OH – July 21, 2009 – Residential Finance Corporation (RFC) (http://www.residentialfinance.com), an award-winning nationwide mortgage lender specializing in refinance has named Douglas Harris to the position of Chief Operating Officer. Harris has broad experience and expertise in the mortgage industry and operations leadership. For nearly a decade Harris held senior management positions with US Bank, the nation’s sixth largest bank, where he most recently was responsible for leadership and P&L for two of the bank’s divisions and was a key team member in helping the bank grow its assets from $14B to $170B.

Harris says, “Residential Finance Corp. has an incredible commitment to quality, and I am excited to be part of this mortgage lender’s executive leadership team. With my experience in growing a company, I look forward to providing vision and leadership to help RFC move to the next level.”

Residential Finance Corp. Vice President, David Stein, says, “Doug Harris has broad industry experience across-the-board, including mortgage origination, production, and secondary marketing, and he spent 10 years running operations at US Bank. He has a proven track record in operations—enhancing infrastructure and building production and profit at growing companies in the mortgage industry, as well as in banking and investments. We are pleased to welcome him as an integral member of RFC’s management team.”

Additional Promotions, Hiring Plans In addition to Harris’ appointment, RFC has promoted Joseph Smith to the position of Secondary Marketing / Closing Department Manager, Jarrod Holt to the position of Manager, IT Help Desk / Systems Administrator, Joe Buxton and Kelton Graham to the positions of Branch Manager. The mortgage company has also hired Sandy Finan as Licensing and Compliance Manager and Judith Tribble, Esq. as Corporate Counsel, and plans to add more loan officers in both its Columbus and Tampa locations. For more information, please contact Russell Jipson at 1-888-261-5656.

About Residential Finance Corp: Residential Finance Corporation (RFC) is the nation’s premier home mortgage lender specializing in FHA mortgage refinance. Founded in 1997, the award-winning lender now serves 27 states. RFC is “Full Eagle” certified by the U.S. Department of Housing and Urban Development (HUD), offering refinancing borrowers the security and great rates of government-insured home mortgage loans. RFC’s investor relationships include some of the nation’s largest and most diverse investment banks. Headquartered in Columbus, OH with offices in Tampa, FL, and numerous regional offices, RFC employs hundreds of highly-trained Home Loan Consultants with the knowledge and dedication to work closely with borrowers to help them find the right home mortgage loan options--with the best mortgage rates and terms--to meet each homeowner’s unique needs. For more information, contact Jessica Manna, CMO, at 614-255-4317. #### All trademarks mentioned herein are property of their respective companies.