SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2017

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

These financial statements include a discussion of material events that have occurred subsequent to March 31, 2017 (referred to as “subsequent events”) through the issuance of these condensed consolidated financial statements. Events subsequent to that date have not been considered in these financial statements.

Corporate Activities

On January 26, 2017, New Residential’s board of directors declared a first quarter2017 dividend of $0.48 per common share or $147.5 million, which was paid on April 28, 2017 to stockholders of record as of March 27, 2017.

Executed Calls

In April 2017, New Residential executed calls on 14 seasoned non-Agency securitization trusts. New Residential acquired approximately $382.6 million UPB of residential mortgage loans for a total purchase price of approximately $382.8 million. In April 2017, New Residential securitized approximately $668.0 million UPB of performing loans from this and prior acquisitions.