nrz - NRZ STOCK NEWS

New Residential Investment Corp. (NYSE: NRZ) has declared its third-quarter 2021 preferred stock dividends. The dividends include $0.4687500 per share for Series A, $0.4453125 for Series B, $0.3984375 for Series C, and $0.2819400 for Series D. These dividends are payable on November 15, 2021, to shareholders of record as of October 15, 2021. With a strong portfolio in mortgage servicing and financial services, New Residential has delivered over $3.7 billion in dividends since 2013, aiming to provide attractive risk-adjusted returns.

New Residential Investment Corp. (NYSE: NRZ) announced a public offering of 17 million shares of its 7% Series D Preferred Stock, priced at $25.00 per share, aiming for gross proceeds of approximately $425 million. The offering is set to close on September 17, 2021, subject to customary conditions. The capital raised will be used for investments and general corporate purposes. An additional 2.55 million shares may be purchased by underwriters within 30 days. The Preferred Stock will be listed on the New York Stock Exchange under the symbol 'NRZ PR D.'

New Residential Investment Corp. (NYSE: NRZ) has launched an underwritten public offering of Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock. The specifics of the offering are to be negotiated, and the Company plans to list the Preferred Stock on the New York Stock Exchange under the symbol 'NRZ PR D'. The offering is subject to market conditions and could include an additional 15% for over-allotments. Proceeds from the offering will be used for investments and general corporate purposes.

New Residential Investment Corp. (NYSE: NRZ) has completed its acquisition of Caliber Home Loans, enhancing its position in the mortgage sector. This strategic move, initially announced on April 14, 2021, adds approximately $150 billion UPB of mortgage servicing rights and strengthens New Residential’s offerings in mortgage origination and servicing. Combined, Newrez and Caliber funded around $45 billion UPB and serviced approximately $465 billion UPB in the second quarter of 2021. New Residential also declared a third-quarter dividend of $0.25 per share, payable on October 29, 2021.

New Residential Investment Corp. (NRZ) reported second-quarter 2021 results, highlighting a GAAP net income of $121.3 million ($0.26 per diluted share) and core earnings of $146.6 million ($0.31 per diluted share). The company declared a common dividend of $93.3 million ($0.20 per share) and maintained a book value of $11.27 per share. Notably, they announced the upcoming acquisition of Caliber Home Loans, expected to enhance earnings and operational capabilities. However, a significant drop in origination segment pre-tax income by 61% QoQ raises concerns over future earnings stability.

Newrez LLC has launched new adjustable-rate mortgage (ARM) products as part of its Dream Big and Non-QM product suites. The five, seven, and ten-year ARM options aim to assist borrowers, particularly self-employed and first-time buyers, who may not qualify under traditional guidelines. These products provide lower initial rates, aiding borrowers in today’s competitive market. According to company executives, these new offerings are expected to enhance lending volume and close more loans, helping more borrowers achieve homeownership.

New Residential Investment Corp. (NYSE:NRZ) is set to release its Q2 2021 financial results on July 29, 2021, before the NYSE opens. A conference call is scheduled for the same day at 8:00 A.M. Eastern Time, where management will discuss the results. Interested parties can join the call via phone or webcast. New Residential focuses on delivering attractive risk-adjusted returns through a diversified portfolio in the mortgage and financial services sectors, having returned over $3.7 billion in dividends to shareholders since 2013.

New Residential Investment Corp. (NYSE: NRZ) has declared its second quarter 2021 common and preferred stock dividends. The Board announced a common stock dividend of $0.20 per share, payable on July 30, 2021, to shareholders of record by July 2, 2021. Additionally, dividends for preferred stocks were declared: Series A at $0.46875, Series B at $0.4453125, and Series C at $0.3984375, all payable on August 16, 2021, to shareholders of record by July 15, 2021. New Residential, a REIT, aims for attractive risk-adjusted returns through a diversified investment portfolio.

NewRez LLC announced the appointment of Rajinder Singh as Chief Risk Officer, effective immediately. Singh will lead enterprise-wide risk management, enhancing the company's focus on risk strategies. With over 23 years of experience in global financial services, including roles at Genworth and Citigroup, he aims to strengthen NewRez's risk culture. President Baron Silverstein highlighted Singh's extensive knowledge of the mortgage industry, positioning him as a crucial leadership addition. NewRez, headquartered in Pennsylvania, specializes in mortgage lending and servicing, aiming to facilitate homeownership for a diverse range of borrowers.