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New Residential Investment Corp.: Overview

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New Residential Investment Corp. (NRIC) is a real estate investment trust (REIT) company. The company manages investments in residential real estate. It carries out mortgage servicing related assets, residential mortgage-backed securities, residential mortgage loans and other opportunistic investments. NRIC's other portfolio investments are origination and servicer advances, which provides the servicer to pool mortgage loans in exchange for a fee. It also co-invests consumer loans such as personal unsecured loans and personal homeowner loans. The company is managed and advised by an affiliate, Fortress Investment Group LLC. NRIC is headquartered in New York City, New York, the US.

Headquarters United States of America

Address 1345 Avenue Of The Americas, New York, 10105


No of Employees 5,667

Industry Construction

Ticker Symbol & Exchange NRZ (NYSE)
Revenue (2020) $576.5M -77.3% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX -350.4% (2020 vs 2019)

Market Cap* $5.3B

Net Profit Margin (2020) XXX -1,201.4% (2020 vs 2019)

* As of and is in US$

Products and Services

Services
Real Estate Properties Investments:
Residential Mortgage Loans
Mortgage Servicing Rights & Servicer Advances
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XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Contracts/Agreements In October, the company entered into an agreement with affiliates of The Goldman Sachs Group, Inc to acquire Genesis Capital LLC.
2021 Acquisitions/Mergers/Takeovers In August, the company completed the acquisition of Caliber Homes Loans Inc, a mortgage originator and servicer.
2020 Contracts/Agreements In April, the company entered into an agreement to sell non-agency residential mortgage-backed securities to several buyers.
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Competitor Comparison

Key Parameters New Residential Investment Corp. American Tower Corp Crown Castle International Corp Simon Property Group Inc Redwood Trust Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City New York Boston Houston Indianapolis Mill Valley
State/Province New York Massachusetts Texas Indiana California
No. of Employees 5,667 5,618 4,900 2,400 247
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Michael Nierenberg President; Chief Executive Officer; Chairman Executive Board 2016 58
Nicola Santoro Chief Financial Officer; Chief Accounting Officer; Treasurer Senior Management 2015 52
Cameron D MacDougall Secretary Senior Management - -
Douglas L Jacobs Director Non Executive Board 2013 73
Pamela Lenehan Director Non Executive Board 2019 68
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
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