Brief clip from KBW (Bose George) report dated yesterday....
"On Friday, we had a meeting with senior management at New Residential (NRZ)
including Michael Nierenberg, CEO and Nick Santoro, CFO. Primary topics
of discussion included mortgage servicing acquisition opportunities, returns on
MSRs, the clean-up call opportunity, and other uses of capital. We continue to
believe the company remains well positioned to maintain a stable $0.50 quarterly
dividend and protect book value. We reiterate our Outperform rating and believe
the shares remain very compelling trading at 1.02x book value, which is largely in
line with large cap mortgage REITs."