The New Face Of New Residential - Q4 Update

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About: New Residential Investment Corp. (NRZ)
by: John Windelborn
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Summary

The diversification of the business has hugely paid off, as New Residential Investment has been able to keep earnings high without having to reduce the dividend like its peers.

The Ditech acquisition supercharged the REIT's origination and servicing arm, which is the major source of organic growth for the future.

New preferred shares may offer an attractive baby bond for more risk-averse investors.

While most of my newer investments target undervalued, cash flow-rich, real assets, I do hold a fairly substantial position in mortgage REITs through New Residential Investment Corp. (NRZ) and the ETRACS Monthly Pay