New Residential Investment Corp. Leverages on Its Capable Team to Thrive in the Ever-Changing Sector

New Residential Investment Corp. is a real estate investment trust that focuses on investing in the residential housing sector. The company invests in residential mortgage related assets including residential mortgage-backed securities as well as excess mortgage servicing rights. The New York-based REIT is headed by Michael Nierenberg as Chairman, President and Chief Executive Officer. Other senior executive members include Nicola Santoro Jr. and Jonathan Brown. Members of the company’s board of directors include Michael Nierenberg, Kevin Finnerty and Alan Tyson.

Founded in 2011, New Residential Investment Corp.’s other segments include investments in mortgage servicing rights, investment in real estate securities, investments in servicer advances, investments in consumer loans, investments in residential mortgage loans, and corporate. It is a qualified real estate investment trust for the purposes of federal income tax. It is usually not subject to federal corporate income taxes because it distributes 90% of its taxable income to shareholders.

The company drives risk-adjusted returns through investments in non-agency residential mortgage backed securities and associated call rights, servicer advances and excess mortgage servicing rights. It identifies opportunities and takes advantage of them to generate significant returns to drive shareholders’ dividends. It generate returns in various interest rate environments through a focus on assets that generates long-term cash flows and employ conservative capital structures.

The residential housing market in the United States has grown to have many complexities over the past few years. There have been unfolding developments in the aftermath of the United States financial crisis that are changing how homes are originated, owned and serviced. New Residential Investment Corp leverages on its capable team and other capabilities to take advantage of opportunities created by these developments.

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