Fortress Investment Group LLC (FIG) is in talks to pay more than $1 billion to buy assets from Ally Financial Inc.'s mortgage business, Residential Capital, Bloomberg News reported Thursday, citing people with knowledge of the matter.

Fortress would buy the assets as part of ResCap's bankruptcy filing, which is reportedly coming within weeks, Bloomberg reported, citing its sources.

Full story at http://www.bloomberg.com/news/2012-03-15/fortress-said-to-be-in-talks-to-pay-1-billion-for-rescap-assets.html

-Dow Jones Newswires; 212-416-2900
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