IBM is thinking of making a bid for ResCap's mortgage-servicing assets in partnership with Ocwen...

|By:, SA News Editor
IBM is thinking of making a bid for ResCap's mortgage-servicing assets in partnership with Ocwen Financial (OCN) on Oct. 23, the NY Post reports. That could put Big Blue in competition with Berkshire Hathaway (BRK.A, BRK.B), believed to be partnering with a smaller firm. Some think Warren Buffett is only involved to get another bidder, Fortress Investment (FIG), to raise its offer, thereby allowing Berkshire to obtain more for its ResCap debt holdings. (previous)