Warren Buffett is in talks to buy Residential Capital — which controls Costa Mesa-based Ditech.com — from GMAC, the New York Post reported just before the holidays. National Mortgage News ran a more recent story on ResCap, saying the Buffett deal is a likely scenario for the troubled company, which is the fifth largest loan servicer with a $380 billion portfolio. Kate Berry, reporting for NMN and American Banker, writes that the biggest loan servicers have their own problems — lots of dud loans and pressure from the Obama administration to help homeowners — and are unlikely to take on ResCap. That leaves the field open for a private investor with a strong stomach. Berry writes: Warren Buffett’s Berkshire Hathaway Inc. is reportedly interested in buying ResCap. Observers said that would make sense, since Berkshire has already bought a commercial mortgage servicer with ties to GMAC, and it is one of the largest holders of ResCap’s debt. The Omaha investment company did not return calls seeking comment. By the way, taxpayers now control GMAC and its subsidiaries ResCap and Ditech.com. In December, GMAC received a third taxpayer-funded bailout , this one at $3.79 billion.

Read more here – Buffett eyes Ditech.com parent, report says