Exhibit 24.2

POWER OF ATTORNEY

The undersigned, Michael Nierenberg, constitutes and appoints Jonathan R. Brown his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to the Registration Statement on Form S-11 of New Residential Investment Corp., and any additional related registration statement filed pursuant to Rule 462 under the Securities Act of 1933, as amended (including post-effective amendments to the registration statement and any such related registration statements), and to file the same, with all exhibits thereto, and any other documents in connection therewith, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Signature: /s/Michael Nierenberg        

Name: Michael Nierenberg

Date: November 14, 2013