GMAC Mortgage Announces 32% Increase In Number Of Online Mortgage Loans

HORSHAM, Pa. - GMAC Mortgage Corporation today announced its online loans for the three months ended June 30, 2000 increased more than 32% over first quarter 2000. As of June 30, 2000, the number of online loans was 5,172 compared to 3,917 as of March 31.



"It's apparent that obtaining a mortgage online is becoming a positive experience for many customers. Accordingly, we are committed to dedicating resources to improve the total online experience for and," said GMAC Mortgage Chief Operating Officer Dave Applegate.

On-line origination sites - and - are the Internet brands of GMAC Mortgage Corporation. GMAC Mortgage results include all funded applications as a result of marketing efforts under each brand.

GMAC Mortgage is one of the nation's leading mortgage bankers, servicing first and second mortgage loans for nearly 1.8 million customers and originating loans from a nationwide branch network of retail offices, direct lending centers and via the Internet. More information on GMAC Mortgage is available at