Advertisement
Singapore markets closed
  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     
  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • FTSE 100

    8,438.47
    +57.12 (+0.68%)
     
  • Bitcoin USD

    60,805.43
    -1,118.25 (-1.81%)
     
  • CMC Crypto 200

    1,263.02
    -94.99 (-6.99%)
     
  • S&P 500

    5,216.34
    +2.26 (+0.04%)
     
  • Dow

    39,467.07
    +79.31 (+0.20%)
     
  • Nasdaq

    16,319.10
    -27.16 (-0.17%)
     
  • Gold

    2,364.90
    +24.60 (+1.05%)
     
  • Crude Oil

    79.24
    -0.02 (-0.03%)
     
  • 10-Yr Bond

    4.5000
    +0.0510 (+1.15%)
     
  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     
  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     
  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

New Residential Bolsters Its Mortgage Offerings With Fix-and-Flip Lender

New Residential Bolsters Its Mortgage Offerings With Fix-and-Flip Lender

While 2020 was a banner year for the mortgage industry, 2021 is turning out to be a lot more competitive. During this time, New Residential Investment (NYSE: NRZ) has been acquiring smaller lenders and building its footprint in the mortgage business. New Residential also originates mortgages, and it has been building that arm of its business.