New Residential Reveals Strong Q1 Results

Mortgage Professional America, May 18, 2021–Candyd Mendoza
The firm reported a net income of $277.6 million ($0.65 per share) in Q1 2021, up from $68.6 million in Q4 2020. New Residential attributes the significant increase to the growth in its MSR portfolio, which totaled $515 billion during the quarter.