New Residential Investment Corp is a mortgage real estate investment trust (REIT) founded in 2011 and is headquartered in New York, New York. The company focuses on investment of residential real estate. One of the services included is investments in excess mortgage servicing rights (MSRs). An MSR outlines an agreement that a third party will collect a mortgage payment in exchange for a fee. As a real estate investment trust, the company distributes a majority of its earnings as dividends.
The main objective of New Residential Investment Corp is to promote risk-adjusted returns through MSRs. By investing in the residential housing marking, New Residential Investment Corp offers an agreement that will help clients pay off their mortgages. The company also makes investments in real estate securities, consumer loans, and corporate loans.
Their stock portfolio includes residential mortgage-backed securities and mortgage servicing-related assets. New Residential Investment Corp is recognized as a real estate investment company for events pertaining to income tax.
It is predicted that New Residential Investment Corp will raise its dividend payout in 2019. Currently, the company is in a good position. Stocks did fall drastically in December 2018, however, the company was able to recover and move forward.
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