New Residential completed the acquisition of Caliber Home Loans for $1.68bn.

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.