MINNEAPOLIS — Residential Funding Corp. announced on Thursday that it has appointed Eric Scholtz as executive vice president of capital markets for GMAC-RFC's Residential Capital Group, the company's U.S. mortgage banking and securitization business.

Mr. Scholtz joined GMAC-RFC in 1987. He has held several positions with the company since starting in operations, most recently becoming managing director of capital markets in 1996.

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