To get right to the point, we don't expect another "Great Recession" for a very long time, and as such we expect New Residential (NRZ) to keep paying huge dividends to shareholders for the foreseeable future. Nonetheless, a look under the hood shows an increasingly diverse portfolio of highly levered opportunistic mortgage-related assets with massive yet negligible tail risks.
What does NRZ do?
If you don't understand NRZ's business, here is a look at the company's investment portfolio of mortgage-related assets, and a glance at the "Targeted Lifetime Net Yield" for