Announced
Completed
Financials
Tags
Private
Acquisition
financial services
home loan services
Mortgage Finance
United States
Friendly
Single Bidder
Majority
Domestic
Private Equity
Completed
Synopsis
New Residential Investment, a provider of capital and services to the mortgage and financial services industry, completed the acquisition of Caliber Home Loans, a home mortgage originator and servicer, for $1.68bn. "The combination of NewRez and Caliber’s platforms will create a premier financial services company with scale, talent, technologies and products to accelerate our mortgage company objectives and generate strong earnings for our shareholders. With this acquisition, we have significantly strengthened our capabilities to perform across interest rate environments,” Michael Nierenberg, Chairman, New Residential Chief Executive Officer and President.
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