The Online Investor
Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Mon., Mar. 18, 11:38 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. (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 an investment manager with a vertically integrated mortgage platform. Co.'s portfolio is comprised of mortgage servicing rights (MSRs), a mortgage origination and servicing company, related ancillary mortgage services businesses, residential mortgage-backed securities and loans, consumer loans, and other investments. Co. is externally managed and advised by an affiliate of Fortress Investment Group LLC. Co. conducts its business in five segments: Origination, Servicing, MSR Related Investments, Residential Loans and Consumer Loans.

Preferreds: NRZ.PRA, NRZ.PRB



Open the NRZ Page at The Online Investor »

Company Name: 
Rithm Capital Corp
Stock buyback: 
NRZ buyback
Website: 
www.newresi.com
Sector: 
REITs
 

Open the NRZ Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree NRZ Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.75 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
NRZ Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Real Estate M&A - Slide 23 of 91 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.