Loading...
•
Dec 31, 2020
NRZ Q4 2020 Earnings Report
New Residential reported a profitable fourth quarter and ended the year in a strong financial position.
Key Takeaways
New Residential Investment Corp. reported a GAAP Net Income of $68.6 million, or $0.16 per diluted common share, and Core Earnings of $137.0 million, or $0.32 per diluted common share for the fourth quarter of 2020. The company's servicing portfolio grew to $297.8 billion in UPB. The company's MSR portfolio totaled approximately $537 billion UPB as of December 31, 2020.
GAAP Net Income of $68.6 million, or $0.16 per diluted common share
Core Earnings of $137.0 million, or $0.32 per diluted common share
Common Dividend of $82.9 million, or $0.20 per common share
Servicing portfolio grew to $297.8 billion in UPB
Revenue by Segment
Forward Guidance
New Residential anticipates continued strong performance, expecting Q1'21 Funded Origination Volume of approximately $23 billion to $25 billion UPB and an Estimated Q1'21 Servicing Portfolio UPB of approximately $300 billion UPB.
Positive Outlook
- Portfolio of MSRs will benefit from rising interest rates.
- Mortgage company is poised to capture additional market share.
- Mortgage company is poised to increase borrower retention.
- Estimated Q1’21 Funded Origination Volume of approximately $23 billion to $25 billion UPB
- Estimated Q1’21 Servicing Portfolio UPB of approximately $300 billion UPB
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...