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New Residential Investment Corp Announces Pricing of Public Offering of Preferred Stock
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Momentum Stocks Try To Beat Analysts Views: New Residential Investment (NYSE:NRZ), The Hartford Financial Services Group (NYSE:HIG)
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The Mexico-based fintech that decided to buy a bank
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New Residential Investment Corp. reported gains in originations and servicing segments in the second quarter, and expects MSRs and residential investments, along with its recent
Caliber acquisition, to lead to profitability in future quarters.
The New York-based REIT announced $121.3 million in net income for the second-quarter in its earnings call Thursday, compared to a net loss of $8.9 million in the same COVID-impacted quarter last year. In this year’s
first quarter, the company’s net income came in at $277.6 million.
With the portfolio of recently acquired Caliber Home Loans largely complementing New Residential’s NewRez lending business, company executives were optimistic about future prospects, particularly in originations, after the deal closes in the third quarter.
New Residential Investment: Q2 Earnings Snapshot
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