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New Residential Investment Corp. reported gains in originations and servicing segments in the second quarter, and expects MSRs and residential investments, along with its recent
Caliber acquisition, to lead to profitability in future quarters.
The New York-based REIT announced $121.3 million in net income for the second-quarter in its earnings call Thursday, compared to a net loss of $8.9 million in the same COVID-impacted quarter last year. In this year’s
first quarter, the company’s net income came in at $277.6 million.
With the portfolio of recently acquired Caliber Home Loans largely complementing New Residential’s NewRez lending business, company executives were optimistic about future prospects, particularly in originations, after the deal closes in the third quarter.
Exiting mortgage forbearance? Avoid foreclosure with these 5 tips
By Kelsey Ramirez
The time to enroll in a mortgage forbearance program is ending. President Joe Biden
extended the foreclosure moratorium and mortgage payment forbearance enrollment window in February until June 30, 2021 for federally backed mortgages, including loans backed by Fannie Mae and Freddie Mac. But for many who enrolled in the initial forbearance program at the beginning of the coronavirus pandemic, their final extensions for the 18-month period are drawing to a close.
For many, forbearance exit assistance options have been smooth, and foreclosure starts and inventory hit record lows in April, according to data from
Exiting mortgage forbearance? Avoid foreclosure with these 5 tips fox7austin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox7austin.com Daily Mail and Mail on Sunday newspapers.
NewRez Appoints Industry Veteran As Chief Risk Officer mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.