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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Thu., Sep. 24, 11:57 PM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #23. New Residential Investment Corp. Servicing advances from Nationstar Mortgage LLC

Acquirer: New Residential Investment Corp. (NYSE:NRZ)
Acquiree: Servicing advances from Nationstar Mortgage LLC
Details: New Residential Investment Corp. (NYSE:NRZ,theCompany) announced today that the Company and other third-party co-investors (collectively, "Buyer") agreed to acquire approximately $3.2 billion of servicing advances from Nationstar Mortgage LLC ("Nationstar"). The advances relate to non-Agency residential mortgage loans with an unpaid principal balance of approximately $58 billion.

New Residential Investment is a holding company. Through its subsidiaries, Co. is a real estate investment trust mainly focused on investing in, and managing investments related to residential real estate. Co. is externally managed and advised by an affiliate of Fortress Investment Group LLC. Co.'s portfolio is composed of mortgage servicing related asset, residential securities (and associated call rights) and loans and consumer loans. A mortgage servicing right provides a mortgage servicer with the right to service a pool of residential mortgage loans in exchange for a portion of the interest payments made on the underlying residential mortgage loans.

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Preferreds: NRZ.PRA, NRZ.PRB

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Company Name: 
New Residential Investment Corp
Stock buyback: 
NRZ buyback
Number of ETFs Holding NRZ: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Strong Buy (3.50 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)
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Real Estate M&A - Slide 23 of 91 Page |

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