NRZ - New Residential: MSRs Are The Potential Catalyst

• NewRez operates in an extremely competitive and complicated industry and it requires a talented staff to make sure it is executing in all aspects of its business.
• The growth of its origination arm is one of the most important developments and should benefit other operating segments like mortgage servicing rights (MSRs).
• Although COVID has had a tremendously negative impact due to loan forbearance, the reality is that many markets have maintained strong housing demand.
• Low interest rates have had a major impact on the MSRs of many banks or financial institutions that service mortgages which is a potential area of opportunity for NRZ.
• Management is moving to capitalize on the growth of its mortgage origination capabilities and announced it would double the headcount of its Jacksonville office.

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