- 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.
For further details see:
New Residential: MSRs Are The Potential Catalyst