NEW YORK: Billionaire investor Warren Buffett's Berkshire Hathaway Inc has offered to buy Residential Capital LLC's mortgage unit, according to court papers filed Monday.
In throwing its hat in the ring, Berkshire Hathaway Inc, Buffett's holding company, is seeking to replace Nationstar Mortgage Holdings, owned by Fortress Investment Group, as the initial bidder for the bankrupt company's mortgage servicing unit.
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