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Rescap Bankruptcy Auction Said to Attract Only Two Bidders

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Oct. 23 (Bloomberg) -- Residential Capital LLC's bankruptcy auction for its loan-servicing unit attracted only two bidders, Nationstar Mortgage Holdings Inc. and Ocwen Financial Corp., according to a person familiar with the matter.

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

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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