Fortress owns or owned $DX via $CMO/$NCT aka $DS & $NRZ/$COOP/$OCN/$IMH & Novation Companies, Inc. OTC $NOVC
Fortress Wesley Edens COB also COB of CMO, $NCT/$DS owns 31M $NOVC shr/warrants with partners EJFCap.com & 100% of NOVC Sr Debt (identities hidden under CDOs that hold aka Sr Debt aka SDH) add Mass Mutual & sub Barings 19.3M & half dozen well connected, world class experts in MREITs, MBS, CCR, MSR, NOL experts = 87M NOVC shares out of 114M per page 1 of 2019 10K dilute (aka includes Warrants).
I believe they will turn NOVC into 2 public separate public companies both tax favored (MREIT structure or $728M NOLs (five times used by Edens at NCT aka DS).
First tax free MREIT aka their owned Novastar Financial Inc. $NFI (NFI paid out 100% of Taxable Income + produced over $40B NQM aka Subprime Mortgages from founding to 200) & use Cleanup Call Rts (see Service Rights Transfer Agreement sec 5.04 attached to back of 10Q, Q3 2007) on $3B RMBS NQM Portfolio with 600 Bpts WAC aka Leverage/Resecuritize into Dividend (est $1.5-4.12/common share depending on leverage and discount of Bond buybacks)
Second SPAC Healthcare-Staffing.com NOL $728M just like Wesley Edens, COB of both Fortress & NCT did at Drive Shack NCT/DS & FVAC. http://ir.driveshack.com/Cache/IRCache/a1b2ee64-5797-45c5-953a-7aed241fbd80.PDF?O=PDF&T=&Y=&D=&FID=a1b2ee64-5797-45c5-953a-7aed241fbd80&iid=4040318
What is NOVC and Wesley Edens waiting for ? - ask Mr. Edens!