- Q1 core earnings of $63M or $0.44 per share vs. $58M and $0.41 in Q4. Dividend is $0.38.
- Company funded $8.4B of UPB of well-seasoned Freddie Mac excess MSRs; purchased and committed to purchase $258M face value of non-agency paper at 86% of par; sold $441M face value of non-agency paper at 88% of par, generating $4M of gains, or an IRR of about 20%.
- Since quarter's end is the purchase of the assets/liabilities of Home Loan Servicing for $1.2B.
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Conference call at 8:30 ET
- Previously: New Residential Investment reports Q1 results (May 8)
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NRZ flat premarket