Tough Q ahead | NRZ Message Board Posts

New Residential Investment Corp.

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Msg  2892 of 2972  at  7/13/2019 10:56:13 AM  by

stonergreg


Tough Q ahead

Agree with LoanRanger that we will have a large change to the MSRs, but means absolutely nothing to cashflow.IMO,the upcoming 2Q earnings will reflect a lower core earnings because of the recent 2 common and preferred SOs. Dividends will be paid on all these shares. NRZ is sitting on a mountain of cash waiting for the Ditech acquisition to close. This large cash position is earning nothing. Once the Ditech assets are put to work, things will be much better. Myself, hoping for core to be at .50, enough to cover distributions. JMHO,

Greg


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