New Residential Investment (NRZ) Prices 45M Share Common Offering at $10.10/Sh

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New Residential Investment (NRZ) Announces 45M Share Public Offering of Common Stock

April 14, 2021 8:55 AM EDT

New Residential Investment Corp. (NYSE: NRZ; New Residential or the Company) announced today the commencement of a public offering of 45,000,000 shares of its common stock, subject to market conditions. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase up to an... More

New Residential Investment (NRZ) to Acquire Caliber Home Loans for $1.68 Billion

April 14, 2021 7:14 AM EDT

New Residential Investment Corp. (NYSE: NRZ) announced today that it has entered into a definitive agreement with an affiliate of Lone Star Funds to acquire Caliber Home Loans, Inc.. With this acquisition, New Residential intends to bring together the platforms of Caliber and NewRez LLC, New Residentials wholly owned mortgage originator and servicer. The transaction is intended to close as quickly as possible, subject to various approvals and customary closing conditions, and is targeted for the third quarter of 2021.

We believe this is a terrific acquisition for our Company, said Michael Nierenberg, Chairman,... More