Nationstar Mortgage bid roughly $2.907 billion for the origination and servicing assets of Residential Capital Corp., about $93 million shy of the top bid placed by Ocwen Financial and its partner Walter Investment Management Corp., according to a memo on the deal provided to National Mortgage News.

The email, written by ResCap management and sent to employees, notes that Nationstar's bid remains in place for 30 days should something change in regard to Ocwen's offer.

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