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The Federal Housing Finance Agency (FHFA) has approved agreements reached by Freddie Mac and Fannie Mae (the Enterprises) with two of the enterprises' counterparties, Bank of America (BofA) and Ally Financial Capital, LLC . The agreement with Ally also resolves a dispute between Fannie Mae and GMAC with respect to GMAC-issued private-label securities purchased by Fannie Mae. GMAC subsequently became a subsidiary of Ally under the name ResCap. The agreements were reached between the Enterprises and their respective counterparties. FHFA, as conservator of the Enterprises, reviewed and approved the agreements late last week. According to information from Ally Financial, the GMAC agreement resolves potential repurchase exposure for loans serviced by GMAC Mortgage on behalf of Fannie Mae prior to...()