New Residential Investment Corp. (NYSE:NRZ) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
Entry into a Material Definitive Agreement.
New Residential Investment Corp. (NYSE:NRZ) Files An 8-K Entry into a Material Definitive Agreement
On August 17, 2017, New Residential Investment Corp. (the “Company”), NRZ Advance Receivables Trust 2015-ON1 (an indirect subsidiary of the Company, the “Issuer”), HLSS Holdings, LLC (an indirect subsidiary of the Company), Deutsche Bank National Trust Company, Ocwen Loan Servicing, LLC (“Ocwen”), New Residential Mortgage LLC (a subsidiary of the Company, “NRM”), and Credit Suisse AG, New York Branch entered into agreements to amend the existing indenture and indenture supplements under the Issuer’s existing master trust financing facility.
to such agreements, the existing indenture and indenture supplements were amended in accordance with their terms to permit the continued financing of monthly advances, servicing advances and deferred servicing fees, in each case, arising under certain private label residential mortgage loan servicing agreements after the transfer from Ocwen to NRM of Ocwen’s remaining interests in the servicing rights for the related mortgage loans under such servicing agreements. Such transfers of remaining interests in servicing rights from Ocwen to NRM were previously disclosed in the Company’s Current Report on Form 8-K, filed July 27, 2017 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, filed on August 3, 2017.
| Item 9.01. |
Financial Statements and Exhibits. |
(d)Exhibits
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Exhibit Number |
Description |
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4.1 |
Amended and Restated Indenture, dated as of August 17, 2017, by and among NRZ Advance Receivables Trust 2015-ON1, Deutsche Bank National Trust Company, Ocwen Loan Servicing, LLC, HLSS Holdings, LLC, New Residential Mortgage LLC and Credit Suisse AG, New York Branch. |
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4.2 |
Omnibus Amendment to Term Note Indenture Supplements, dated as of August 17, 2017, by and among NRZ Advance Receivables Trust 2015-ON1, Deutsche Bank National Trust Company, Ocwen Loan Servicing, LLC, HLSS Holdings, LLC, New Residential Mortgage LLC, Credit Suisse AG, New York Branch and New Residential Investment Corp. |
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4.3 |
Amendment No. 6 to Series 2015-VF1 Indenture Supplement, dated as of August 17, 2017, by and among NRZ Advance Receivables Trust 2015-ON1, Deutsche Bank National Trust Company, Ocwen Loan Servicing, LLC, HLSS Holdings, LLC, New Residential Mortgage LLC, Credit Suisse AG, New York Branch and New Residential Investment Corp. |
New Residential Investment Corp. ExhibitEX-4.1 2 s001837x1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 EXECUTION COPY AMENDED AND RESTATED INDENTURE NRZ ADVANCE RECEIVABLES TRUST 2015-ON1,…To view the full exhibit click here
About New Residential Investment Corp. (NYSE:NRZ)
New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate. Its portfolio is composed of servicing related assets, residential securities and loans, and other investments. It has made over three direct investments in servicer advances, including the basic fee component of the related MSRs. It acquires and manages a portfolio of credit sensitive real estate securities, including non-agency and agency residential mortgage backed securities (RMBS). The Company has an interest in a pool of consumer loans, including unsecured and homeowner loans.
