New Residential intends to finance the transaction with existing cash and asset-based financing from Goldman Sachs, with the deal expected to close in Q4.
Read More »New Residential Launches Preferred Stock Public Offering
The company reports that it has built a hard-to-replicate portfolio with high quality investment strategies.
Read More »Newrez Finalizes Caliber Home Acquisition
Company leaders say they intend to bring together complementary mortgage platforms to boost earnings power.
Read More »New Residential $900B Mortgage Pool from Springleaf
Real estate investment trust (REIT) New Residential Investment Corp. announced a commitment to purchase interests in a $900 million pool of non-agency loans. According to a release from New Residential, the loans involved in the deal were previously securitized by an affiliate of Springleaf Financial Corporation, which was previously affiliated with AIG until it was acquired by Fortress Investment Group managed funds in 2010. Though the terms of the deal were not disclosed, New Residential expects to settle the acquisition by the end of this year's first quarter.
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