Berkshire Hathaway won an auction for Residential Capital’s home-loan portfolio this afternoon with a bid of $1.5 billion, according to a person familiar with the proceedings.

Berkshire served as the auction’s stalking-horse bidder with an opening offer of $1.45 billion. The auction began this morning at the Sheraton New York Hotel & Towers, following two days of bidding for ResCap’s loan-servicing platform that ended yesterday with a top bid of $3 billion. (See, “Ocwen makes winning $3B bid for ResCap’s mortgage platform,” LCD News, Oct. 24, 2012).

A hearing to approve both sales is scheduled for Nov. 19 before U.S. Bankruptcy Judge Martin Glenn in Manhattan. – John Bringardner