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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.
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Leonardo DiCaprioâs former West Village bachelor pad is back on the market. But instead of the party-ready essentials youâd expect to find in the one-time home of Hollywoodâs most eligible actor, it comes with a ton of luxe spa amenities as one of the apartments located in New York Cityâs first âwellness building.â
The property, listed for $8.5 million, is a 3,673-square-foot, fourth floor unit with 3 beds and 2.5 baths located in the Green Delos building at 66 East 11th Street, which the listing describes as âan uber eco-friendly environment that has been called the healthiest building in New York City.â The boutique condominium contains just six apartments spread across eight stories, all in a 1897 terracotta building designed and constructed by Loffredo Brooks Architects.
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Began my career as a trader for NYC hedge fund Elliott Management. Worked for Bear, Stearns in London as a trader, then became an analyst at several hedge funds. Currently CFO for a mortgage bank. Also author a daily blog on real estate called The Daily Tearsheet www.thedailytearsheet.com Follow @TMFBrentNyitray
After experiencing one of the best years in over a decade, mortgage bankers are being treated as suspect by the market. Investors are fretting about rising mortgage rates choking off the refinance market, and increased competition among bankers suppressing margins. In this environment, a mortgage banker with several additional business lines like
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