Residential Capital LLC has agreed to post $200 million of collateral to Fannie Mae, which in return will continue doing business with the unit of GMAC LLC.

In a Securities and Exchange Commission filing Monday, GMAC, which is majority-owned by Cerberus Capital Management LP, said that ResCap's net worth fell below $1 billion in the third quarter. Under their contract, this event gave Fannie the right to restrict ResCap from selling or servicing loans for the government-sponsored enterprise. Fannie also can force ResCap, a Minneapolis company, to transfer servicing rights to another company.

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