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New Residential expects Caliber acquisition to drive growth


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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. ....

Michael Nierenberg , Eric Hagen , Baron Silverstein , Residential Investment Corp , New Residential Investment , Caliber Home Loans , New Residential , மைக்கேல் நிேரென்பேற்க் , எரிக் ஹேகன் , பரோன் சில்வர்ஸ்டீன் , குடியிருப்பு முதலீடு கார்ப் , புதியது குடியிருப்பு முதலீடு , காலிபர் வீடு கடன்கள் , புதியது குடியிருப்பு ,