NewRez and Shellpoint Mortgage Servicing, will further our position as servicer of reverse mortgage loans. acquisition of these assets with existing financing facilities and cash Additionally, New Residential has agreed to assume certain Ditech office spaces and make employment offers to a number of Ditech employees. based on the tangible book value of the related assets, subject to Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation New Residential focuses on opportunistically investing in, and actively a global investment management firm. New Residential expects to finance the acquisition of these assets with existing financing facilities and cash on hand. Our business mix and overall strategy help enable us to generate returns and have a balanced risk/reward profile. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3 billion in dividends to shareholders. New Residential Investment Corp. Signs Asset Purchase Agreement with Ditech Holding Corporation Contacts New Residential Investor Relations Kaitlyn Mauritz 212-479-3150 [email protected] APA, New Residential will not purchase any of the stock or assets New Residential primarily targets investments in mortgage servicing scale to efficiently manage these assets for the benefit of both New New Residential Investment Corp. Receives Court Approval to Buy Select Assets from Ditech Holding Corporation Contacts New Residential Investor Relations Kaitlyn Mauritz 212-479-3150 [email protected] They represent management’s current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the forward-looking statements.
Our business mix and overall strategy help enable us to generate returns and have a balanced risk/reward profile. “The acquisition of these origination and servicing
Securities Litigation Reform Act of 1995, including, but not limited to New Residential Investment Corp. (NYSE: NRZ, “New Residential”, the
For more information about Ditech, please visit Ditech website at organized and conducts its operations to qualify as a real estate Ditech is an independent servicer and originator of mortgage loans and
acting as financial advisor to New Residential in connection with the They These statements are not historical facts.
5.3%. and the inability to obtain, or delays in obtaining, expected benefits $10.77. referenced in the APA, (b) the entry of a confirmation order by the NEW YORK--(BUSINESS WIRE)-- New Residential Investment Corp. (NYSE: NRZ, “New Residential”, the “Company”) announced today that it has entered into a “stalking horse” Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation (“Ditech”) and Ditech Financial LLC (“Ditech Financial”) to purchase substantially all of the forward assets of Ditech Financial. Following
on hand. Please note that New Residential Investment Corp. cannot provide any information to you regarding any mortgage loans. the Board and Chief Executive Officer of Ditech. Financial’s forward Fannie Mae, Ginnie Mae and non-agency mortgage For a discussion of some of the risks and approximately $63 billion as of March 31, 2019, the servicer advance
shareholders and the long-term strategy of our Company,” said Michael For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Cautionary Statements Regarding Forward Looking Statements,” “Risk Factors” and “New Residential Investment Corp. Completes Acquisition of Select Assets from Ditech Holding Corporation
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