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New Residential Investment Corp (NRZ.N)

NRZ.N on New York Stock Exchange

17.14USD
16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

New Residential and Altisource announce cooperative brokerage agreement
Monday, 28 Aug 2017 06:45am EDT 

Aug 28 (Reuters) - Altisource Portfolio Solutions Sa :New Residential and Altisource announce cooperative brokerage agreement relating to approximately $116 billion UPB of mortgage servicing rights and letter of intent for other services.Co, Altisource entered into an 8-year cooperative brokerage agreement​.  Full Article

New Residential Investment reports Q2 GAAP earnings per share $1.04
Monday, 31 Jul 2017 06:55am EDT 

July 31 (Reuters) - New Residential Investment Corp :New Residential announces second quarter 2017 results.Q2 core earnings per share $1.03.Q2 GAAP earnings per share $1.04.Q2 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.New Residential Investment Corp - Increased its dividend from $0.48 to $0.50 in Q2 of 2017.Qtrly net interest income $356.8 million versus $176.8 million.  Full Article

New Residential increases Q2 dividend to $0.50 per common share
Wednesday, 21 Jun 2017 04:34pm EDT 

June 21 (Reuters) - New Residential Investment Corp ::New Residential increases second quarter dividend to $0.50 per common share.  Full Article

Ocwen Financial, New Residential working on agreement relating to about $117 bln in Mortgage Servicing Rights
Monday, 1 May 2017 10:27am EDT 

May 1 (Reuters) - Ocwen Financial Corp : :Ocwen Financial and New Residential working on definitive agreement to strengthen and solidify relationship.Proposed new agreement relates to approximately $117 billion in Mortgage Servicing Rights.Under agreement, New Residential would also make an equity investment in Ocwen and become a 4.9% owner.New arrangement would involve upfront payments to Ocwen of $425 million as MSRs transfer.Proposed new agreement would convert New Residential's existing rights to MSRs to fully-owned MSRs.  Full Article

New Residential reports Q1 GAAP earnings per share $0.42
Monday, 1 May 2017 07:19am EDT 

May 1 (Reuters) - New Residential Investment Corp : :New residential announces first quarter 2017 results.Q1 core earnings per share $0.54.Q1 GAAP earnings per share $0.42.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.New Residential Investment Corp qtrly net interest income $194.3 million versus $231.8 million.  Full Article

Fortress Investment Group reports Q4 revenue of $438 million
Tuesday, 28 Feb 2017 08:05am EST 

Fortress Investment Group LLC : Fortress reports fourth quarter and year end 2016 results and announces dividend of $0.09 per share . Q4 GAAP earnings per share $0.33 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Fortress Investment Group LLC - Management fee paying assets under management of $69.6 billion as of December 31, 2016 .Q4 revenues $438 million versus $415 million last year.  Full Article

Prosper closes loan purchase agreement for up to $5 bln with consortium of investors
Monday, 27 Feb 2017 10:06pm EST 

: Prosper Marketplace closes loan purchase agreement for up to $5 billion of loans with consortium of institutional investors . Prosper Marketplace - Investors in consortium are affiliates of each of new residential investment corp., jefferies group llc and third point llc . Prosper Marketplace - Consortium will also earn an equity stake in company based on amount of loans purchased .Prosper - Warehouse financing of up to $1 billion will be provided by lenders including Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley..  Full Article

New Residential announces acquisition of MSRS
Monday, 30 Jan 2017 06:14am EST 

New Residential Investment Corp : New residential announces acquisition of MSRS, estimated preliminary financial results and increase in 1Q17 dividend . Sees Q4 2016 core earnings per share $0.59 to $0.63 . Sees FY 2016 core earnings per share $2.12 to $2.16 . Sees FY 2016 gaap earnings per share $2.09 to $2.13 . Sees Q4 2016 gaap earnings per share $0.87 to $0.91 . To buy MSRS and related servicer advances for a purchase price of approximately $950 million and $32 million, respectively . New residential's board of directors declared a quarterly dividend of $0.48 per common share for Q1 of 2017 . Quarterly dividend of $0.48 per common share for Q1 of 2017, up from $0.46 per common share in Q4 of 2016 . FY2016 earnings per share view $2.04 -- Thomson Reuters I/B/E/S . Q4 earnings per share view $0.51 -- Thomson Reuters I/B/E/S .New Residential to purchase approximately $97 billion UPB of seasoned agency MSRS and related servicer advances from Citimortgage Inc.  Full Article

PHH Corp to sell its non-GNMA mortgage servicing rights portfolio
Wednesday, 28 Dec 2016 04:59pm EST 

Phh Corp : Press release - PHH Corporation announces sale and subservicing agreements for its entire non-GNMA mortgage servicing rights portfolio . Total proceeds from sale are expected to be approximately $912 million .PHH - entered into an agreement with new residential investment for sale of its entire portfolio of mortgage servicing rights, related servicing advances.  Full Article

Walter Investment Management Corp. Announces Execution of MSR Purchase and Sale Agreement Relating to Sale of WCO Assets
Wednesday, 16 Nov 2016 06:15am EST 

Walter Investment Management Corp : Walter Investment -WCO agreed to sell to NRM MSRS relating to mortgage loans with unpaid principal balance of about $10 billion and sub-serviced by ditech . Walter Investment Management-Transactions relating to sale by WCO of substantially all of assets,expected to generate about $90 million in near-term cash proceeds . Walter Investment Management-Expected ditech to sub-service, under sub-servicing agreement with, NRM, both WCO MSRS,ditech MSRS following closing of deals .Press Release - Walter Investment Management Corp. announces execution of MSR purchase and sale agreement relating to sale of WCO assets.  Full Article

BRIEF-New Residential and Altisource announce cooperative brokerage agreement

* New Residential and Altisource announce cooperative brokerage agreement relating to approximately $116 billion UPB of mortgage servicing rights and letter of intent for other services