New Residential Investment Corp

New Residential Investment Corp. (NRZ), founded in 2013, manages an investment portfolio that includes mortgage servicing rights, non-agency securities and associated call rights in addition to other opportunistic investments in the US. NewRez, a mortgage origination subsidiary of New Residential Investment Corp., facilitates homeownership. Based in New York, the organisation markets itself as a leading provider of capital and services to the mortgage and financial services industries. Traded on the NYSE, the ticker for New Residential Investment Corp. is NRZ. The NRZ share price has ranged between $17.66 (February 2020) to $2.92 (April 2020). New Residential Investment Corp. began 2020 with a dividend yield of 4.78%. With a strong track record of performance, NRZ also acquired Shellpoint Partners LLC in 2018. That acquisition has allowed New Residential Investment Corp to benefit from Shellpoint's origination and servicing platform, in addition to adding a range of ancillary businesses under its umbrella, including property insurance, property management, appraisal management, title insurance and more. Through its operating companies and partnerships, NRZ aims to capture the full value of the mortgage asset, while their focus for shareholders is to generate stable earnings and risk-adjusted returns. Make NRZ stock an addition to your watchlist for more news and updates about this company.