The Extensive Investment Portfolio Of New Residential Corp

New Residential Corp is a real estate investment trust headed by Michael Nierenberg. The REIT focusses on investing in, as well as managing, investments in the residential real estate sector. Incorporated in 2011, the company’s segments include investments in mortgage serving rights, investments in excess mortgage servicing rights, investments in real estate securities, investments in servicer advances, investments in consumer loans, investments in residential mortgage servicing related assets, and corporate. It has a wide portfolio which is made up of residential mortgage backed securities, mortgage servicing related assets, residential mortgage loans as well as other investments.

New Residential Corp’s servicing-related assets includes investments in MSRs, excess MSRs and servicer advances. Mortgage servicing rights account for over 50% of all investments the firm makes. Recently, the firm’s stocks dropped precipitously giving investors an opportunity to get in the stock. The company invests in both agency RMBS and non-agency RMBS. It also invests in other types of agency RMBS such as interest only agency RMBS, mortgage pass-through certificates and forward contract positions. The company can acquire and secure the non-agency RMBS and secure it by fixed-rate mortgages, hybrid adjustable-rate mortgages or adjustable-rate mortgages. New Residential Corp is a wholly owned subsidiary of Newcastle.

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