Out of the Newcastle Investment Corp came New Residential Investment, which was a fully owned subsidiary at the time. On May 2013, New Residential was declared as a publicly traded group and have since then been managed externally by Fortress Investment Group LLC. The firm is at the top of the real estate industry, and from their strategic moves, it looks like they will be there for a while.
New Residential Investment Corp are a corporation mainly focused around the management and transactions of real estate properties. They are publicly traded, with shares available at fluctuating prices. New Residential Corp are a very prudent firm that invests strategically, to attract the biggest possible returns beneficial to the stakeholders. Recently, they’ve invested in properties that are not tied to agencies and backed by mortgages security, including servicer advances. The US market for mortgage loan has grown in the last decade and there is about $21 trillion in property developments, ripe with investment opportunities. Since the US financial crash, there have be changes to the way mortgages are handled. Changes from the starting procedures to ownership were made, these opportunities provide a platform for New Residential Corp to take advantage, due to the skill capital and connections they possess.
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