New Residential Investment Corp.

Leading provider of capital and services to the mortgage and financial services industries with proven track record of returns and performance

Differentiated Performance and Portfolio

New Residential Investment Corp. (NYSE: NRZ) is a leading provider of capital and services to the mortgage and financial services industries. Our objective is to leverage our proven investment expertise and identity to invest in assets that offer attractive risk-adjusted returns while also protecting our existing portfolio and generating long-term value for our investors.

We target assets that generate stable long term cash flows and employ conservative capital structures to provide returns throughout different interest rate environments.

Our investment portfolio includes mortgage servicing-related assets, non-agency securities (and associated call rights), residential loans and other related opportunistic investments. Following our acquisition of Shellpoint Partners LLC ("Shellpoint") in 2018, New Residential also benefits from Shellpoint’s origination and servicing platform, as well as a suite of ancillary businesses, including title insurance, appraisal management, real estate owned (“REO”) management and other real estate services. In 2019, New Residential made additional progress in ancillary businesses through a strategic investment in Covius Holdings Inc. (“Covius”), a leading provider of technology-enabled services to the financial services industry, and Guardian Asset Management (“Guardian”), a leading national provider of field services and property management.

We believe that unfolding developments in the U.S. residential housing market are generating significant investment opportunities. For example, in the aftermath of the U.S. financial crisis, the residential mortgage industry continues to experience structural changes that are transforming the way mortgages are originated, owned and serviced. These changes are creating a compelling set of investment opportunities. Combined with the products provided by Shellpoint Mortgage Servicing and NewRez, we believe that New Residential is one of only a select number of market participants that have the combination of capital, product offerings, industry experience, and key business relationships necessary to take advantage of such opportunities.

New Residential is publicly traded on the New York Stock Exchange under the ticker “NRZ” and is structured as a real estate investment trust (“REIT”). New Residential became a publicly-traded entity on May 15, 2013. We are externally managed by an affiliate of Fortress Investment Group LLC and benefit from the resources of a highly diversified global alternative investment manager.

Strategic Investments to Drive Strong Returns

Our strategy is to drive strong and sustainable risk-adjusted returns through investments in mortgage servicing rights, non-agency securities & associated call rights, opportunistic investments as well through our subsidiaries and partners.

Mortgage Servicing Rights & Servicer Advances

A mortgage servicing right (MSR) provides a mortgage servicer with the right to service a pool of residential mortgage loans in exchange for a portion of the interest payments made on the underlying residential mortgage loans. Advances are required capital outlays by the servicer to fund missed payments from delinquent borrowers and foreclosure-related expenses. The servicer has limited risk of not being reimbursed for advances, because advances are almost always "top of the waterfall" in the event of a property sale.

Non-Agency Securities & Associated Call Rights

Residential mortgage backed securities are created through the securitization of a pool of residential mortgage loans.

We hold call rights on Non-Agency residential mortgage securitizations, which become exercisable once the current collateral balance reduces below a certain threshold of the original balance.

Residential Loans

New Residential's Residential Loan portfolio consists of seasoned performing, non-performing, REO, Non-QM, and FHA insured loans.

Consumer Loans

New Residential's consumer loan portfolios have provided differentiated and compelling revenue streams over time.

SpringCastle - In April 2013, New Residential invested $241 million to purchase interest in a $3.9 billion UPB consumer loan portfolio from SpringCastle. Since then, we have maximized the returns on our investment by increasing our equity investment in, and securing multiple refinancings of, the SpringCastle portfolio.

Prosper - In February 2017, New Residential became part of a 4-member Consortium which agreed to purchase up to $5 billion of unsecured consumer loans from Prosper. As of June 30, 2019, 100% of the expected warrants had been earned by the Consortium; New Residential owns 8% of Prosper through warrants.

NRZ Subsidiaries and Partners

New Residential has made a number of opportunistic acquisitions, investments, and partnerships to date. These acquisitions, investments and partnerships have demonstrated New Residential’s disciplined and strategic approach to growth as markets have evolved. Over time, these have included bulk MSR purchases, operating companies, and ancillary services. Following the acquisition of Shellpoint Partners LLC ("Shellpoint") in 2018, New Residential benefits from Shellpoint's origination and third-party servicing platform, as well as a suite of ancillary businesses including title insurance, appraisal management, real estate owned management and other real estate services. In 2019, New Residential also announced that it had made a strategic investment in Covius Holdings, a leading provider of technology-enabled services to the financial services industry, and Guardian, a leading national provider of field services and property management.

Why New Residential?

Our portfolio and strong track record of performance at New Residential set us apart. Here are six ways we stand out.

Diversified Portfolio

NRZ’s portfolio includes MSRs, call rights, residential securities and loans, consumer loans, complementary operating businesses and ancillary services.

Hard-to-Replicate Portfolio

We have achieved scale across our differentiated and hard-to-replicate portfolio of value-creating strategies.

Opportunistic Growth Strategy

We are disciplined and opportunistic where it aligns with our long-term strategy; our size, liquidity and positioning allow us to be nimble when opportunities arise.

Proven Track Record

Throughout our history, we have created substantial long-term value and proven the strength of our strategy through execution and performance.

Focus on Capturing Full Value of the Mortgage Asset

We are well-positioned to capture incremental long-term value of the full mortgage asset through our operating companies and partnerships.

Shareholder Focus

Our ultimate goal continues to be protecting book value and generating stable earnings and risk-adjusted returns for our shareholders.

Backed by Experienced Leadership

Our leadership team has a proven and distinct track record of success in the mortgage and financial services industry.

Management Team Board of Directors

Note: Market data is as of December 31, 2019 and per Bloomberg. Financial data is as of December 31, 2019 and per company filings.

Some of the content on this page may be based on management’s current views and estimates and actual results may vary materially.