Rescap Bankruptcy Auction Said to Attract Only Two Bidders

Residential Capital LLC's bankruptcy auction for its loan-servicing unit attracted only two bidders, Nationstar Mortgage Holdings Inc. and Ocwen Financial Corp. (OCN), according to a person familiar with the matter.

Berkshire Hathaway Inc. (BRK/A), which lost to Nationstar for the right to be the lead bidder, isn’t at the New York auction.

To contact the reporter on this story: David McLaughlin in New York at dmclaughlin9@bloomberg.net

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net

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