New Residential’s Revenue by Segment (2019-2021)

Exclusive Data

You need the Pro Plan for unlimited access.

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

Download

About

This statistic highlights New Residential’s Revenue by Segment, split across Consumer Loans, MSR related investments, Mortgage loans receivable, Origination, Real estate securities, Residential mortgage loans, and Servicing, reported on a quarterly basis from Q2 2019 onwards.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This statistic highlights New Residential’s Revenue by Segment, split across Consumer Loans, MSR related investments, Mortgage loans receivable, Origination, Real estate securities, Residential mortgage loans, and Servicing, reported on a quarterly basis from Q2 2019 onwards.

New Residential’s Revenue by Segment

Revenue by Segment Q4 2020 Q3 2021 Q4 2021 Contribution in Q4 2021
Consumer Loans $27.31 $22.71 $20.74 2.64%
MSR related investments -$106.53 $38.04 -$384.64 -48.89%
Mortgage loans receivable $0.00 $0.00 $4.22 0.54%
Origination $419.23 $559.14 $637.33 81.01%
Real estate securities $63.82 $67.77 $38.53 4.90%
Residential mortgage loans $40.12 $46.51 $29.39 3.74%
Servicing $170.61 $164.14 $441.12 56.07%
Total $614.56 $898.31 $786.69 100.00%

(All figures in millions, except percentages)

The total revenue generated from all of the segments decreased by 12.43% quarterly, from $898.31 million in Q3 2021 to $786.69 million in Q4 2021. The revenue increased by 28% yearly, from $614.56 million in Q4 2020 to $786.69 million in Q4 2021.

Consumer Loans

The revenue decreased by 8.67% quarterly, from $22.71 million in Q3 2021 to $20.74 million in Q4 2021. On a year-on-year basis, the fall in revenue was 24.06%, as compared to $27.31 million in Q4 2020.

MSR related investments

In exchange for a share of the interest payments made on the underlying residential mortgage loans, an MSR gives a mortgage servicer the right to service a pool of residential mortgage loans. This sum varies between 25 and 50 basis points of the UPB of residential mortgage loans, plus auxiliary income and custodial interest. An MSR consists of a basic charge and an additional MSR.

The investments made amounted to $106.53 million in Q4 2020, which is why predominantly short-term mortgage loans portfolio this investment was $38.04 million in Q3 2021. It decreased from negative $106.53 million in Q4 2020 to negative $384.64 million in Q4 2021, making a decline of 261% on a yearly basis. When compared on a quarterly basis, it witnessed a massive decline of 1,111%, as compared to $38.04 million in Q3 2021.

Mortgage loans receivable

It specializes in originating and managing a portfolio of predominantly short-term mortgage loans to fund single-family and multi-family real estate developers with construction, rehabilitation, and bridge loans through its wholly-owned subsidiary Genesis.

In Q4 2020 and Q3 2021, this segment generated no revenue. The mortgage loan receivable amounted to $4.22 million in Q4 2021 which represented a 0.54% contribution to total revenue in that quarter.

Origination

The lending divisions of subsidiaries Newrez LLC and Caliber Home Loans Inc. handle the origination business. The Mortgage Company is currently one of the largest non-bank mortgage originators in the United States.

The revenue increased 13.98% quarterly, from $559.14 million in Q3 2021 to $637.33 million in Q4 2021. The year-on-year growth was 52.02% when compared to Q4 2020, where the revenue generated was $419.23 million.

Real Estate Securities

The revenue generated from real estate securities segment has decreased 43.15% quarterly, from $67.77 million in Q3 2021 to $38.53 million in Q4 2021. The revenue increased 6.19% yearly, from $63.82 million in Q4 2020 to $67.77 million in Q3 2021.

Residential Mortgage Loans

Residential mortgage loans are frequently pooled Compared to PLS and Non-Agency investments, Agency RMBS generally provides more steady cash flows and hashes or guarantees Agency RMBS.

The revenue generated from the segment has decreased 36.81% quarterly, from $46.51 million in Q3 2021 to $29.39 million in Q4 2021. The revenue increased 15.93% yearly, as compared to $40.12 million in Q4 2020.

Servicing

Shellpoint Mortgage Servicing (“SMS”) is a specific servicing section of the servicing business that specializes in executing loan servicing.

The revenue generated from servicing segment increased 158.55% yearly, from $170.61 million in Q4 2020 to $441.12 million in Q4 2021. Quarterly, the revenue saw an increment of 168.75%, as compared to $164.14 million in Q3 2021.

About New Residential

New Residential Investment Corp. is a mortgage investment management that operates on a vertically integrated platform. For federal income tax reasons, the corporation is structured as a real estate investment trust (“REIT”). The company’s goal is to provide long-term value to its investors by identifying, managing, and investing in mortgage-related assets, such as operating companies, that provide attractive risk-adjusted returns. The company’s investment strategy also includes pursuing acquisitions on the cheap and forming strategic partnerships that it believes will help it maximize the value of the mortgage loans it originates and/or services by providing products and services to customers, services, and other parties throughout the lifecycle of transactions that affect each mortgage loan and the underlying residential property or collateral.

Did you like New Residential’s Revenue by Segment statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.

Read more

Access Segment financials and KPI data on US stocks

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount until May 31

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.