OMAHA, Neb. (AP) — Residential Capital has completed the sale of a portfolio of mortgage loans to Berkshire Hathaway Inc.
Warren Buffett's company won the bankruptcy auction for ResCap's loan portfolio with a $1.5 billion bid last year.
ResCap said Tuesday the loan sale had been completed.
ResCap's parent company is Ally Financial, which is 74 percent owned by the U.S. government as a result...