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NRZ - New Residential's NewRez unit confidentially files for IPO
New Residential Investment Corp.
New Residential Investment's (NRZ) national mortgage lending and servicing arm New Rez LLC, confidentially submits a draft registration statement with the SEC for a proposed IPO.The number of shares of common stock to be sold and the expected price range for the proposed offering haven't yet been determined.NewRez has formed at least five joint ventures in the past year to expand its mortgage operations in various parts of the U.S.