nrz - NRZ STOCK NEWS

Newrez LLC has partnered with Patch Media to launch a co-branded mortgage resource hub aimed at assisting homebuyers and those seeking refinancing. This exclusive, multi-year partnership enables Newrez to establish itself as a leading digital source for mortgage information, catering to an audience of approximately 2.3 million loans. The hub will feature localized content, educational materials, and tools like mortgage calculators, enhancing consumer decision-making in the housing market. The initiative aims to empower users with significant financial insights while solidifying Newrez’s presence in the mortgage sector.

New Residential Investment Corp. (NRZ) reported strong financial results for Q4 and FY 2021. Q4 GAAP net income reached $160.4 million ($0.33/share), while core earnings were $191.9 million ($0.40/share). Full-year GAAP net income totaled $705.5 million ($1.51/share). The company's book value per share was $11.44. New Residential also completed the acquisition of Genesis Capital, enhancing its portfolio. The origination segment reported pre-tax income of $101.5 million, despite a decline from Q3. The servicing portfolio grew to $483 billion in UPB, signaling robust growth.

New Residential Investment Corp. (NRZ) has announced the tax treatment of its 2021 common and preferred stock dividend distributions. For common stock, taxable dividends were approximately $0.50014 per share, with the Q4’20 dividend of $0.20000 paid on January 29, 2021. Preferred stock dividends were also significant, with Series A at $1.87500, Series B at $1.78124, Series C at $1.59376, and Series D at $0.28194 per share. Stockholders should consult tax advisors for proper tax treatment as distributions may affect their tax obligations.

New Residential Investment Corp. (NYSE:NRZ) will announce its fourth quarter and full year 2021 financial results on February 8, 2022, before the market opens. Management will host a conference call at 8:00 A.M. Eastern Time on the same day. Interested parties can join the call via phone or through a webcast, with a replay available until February 15, 2022. Since its inception in 2013, the Company has returned over $3.9 billion in dividends to shareholders, focusing on generating attractive risk-adjusted returns across various interest rate environments.

New Residential Investment Corp. has successfully completed the acquisition of Genesis Capital LLC, a leading business purpose lender, from affiliates of Goldman Sachs. Announced on October 11, 2021, this acquisition is expected to enhance New Residential's earnings potential and create synergies for its single-family rental platform. Genesis aims to originate approximately $2 billion in loans in 2021 and has a strong track record with over 12,000 loans since 2014. The acquisition is financed using existing cash and asset-based financing.

New Residential Investment Corp. (NYSE:NRZ) has declared its fourth quarter 2021 dividends. A common stock dividend of $0.25 per share will be paid on January 28, 2022 to shareholders recorded on December 31, 2021. Additionally, preferred stock dividends include $0.46875 for Series A, $0.4453125 for Series B, $0.3984375 for Series C, and $0.4375 for Series D, all payable on February 15, 2022. The company has returned over $3.8 billion in dividends since inception in 2013, maintaining its position as a key player in the mortgage and financial services sector.

New Residential Investment Corp. (NYSE: NRZ) has announced the election of Patrice M. Le Melle to its Board of Directors, effective November 8, 2021. Her extensive background in government and corporate governance, particularly in data and privacy, is expected to enhance the Board's capabilities. This addition expands the Board to eight members. Michael Nierenberg, CEO of New Residential, expressed enthusiasm about Ms. Le Melle's experience, emphasizing the value added to the company's strategic growth and stakeholder value.

New Residential Investment Corp. (NRZ) reported strong financial results for Q3 2021, with a GAAP net income of $146.1 million ($0.30 per diluted share) and core earnings of $209.9 million ($0.44 per diluted share). The company declared a common dividend of $0.25 per share and reported a book value of $11.35 per share. Noteworthy developments include the acquisition of Caliber Home Loans, which positively impacted their earnings and servicing portfolio. New Residential also raised $465 million through a preferred stock offering.

New Residential Investment Corp. (NYSE:NRZ) is set to release its third quarter 2021 financial results on November 2, 2021, before the New York Stock Exchange opens. A conference call will be held the same day at 8:00 A.M. ET, accessible via phone or webcast. The company, a major player in the mortgage and financial services industry, has returned over $3.7 billion in dividends to shareholders since its inception in 2013 and aims to generate attractive risk-adjusted returns.