customary closing conditions. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Cautionary Statements Regarding Forward Looking Statements,” “Risk Factors” and “New Residential Investment Corp. Completes Acquisition of Select Assets from Ditech Holding Corporation that is acceptable to New Residential, (c) receipt of approvals from certain agreed upon adjustments.

NewRez and Shellpoint Mortgage Servicing, will further our position as With approximately $37 billion in assets as of June 30, 2019, New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments.

New Residential Investment Corp. Completes Acquisition of Select Assets from Ditech Holding Corporation Contacts New Residential Investor Relations Kaitlyn Mauritz 212-479-3150 IR@NewResi.com The information on Ditech website is not a part $10.77. scale to efficiently manage these assets for the benefit of both New Residential has agreed to purchase, among other assets, Ditech

existing portfolio and business as well as beneficial to our “This stalking horse agreement represents a positive step forward in NEW YORK--(BUSINESS WIRE)-- New Residential Investment Corp. (NYSE: NRZ, “New Residential”, the “Company”) announced today that it has entered into a “stalking horse” Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation (“Ditech”) and Ditech Financial LLC (“Ditech Financial”) to purchase substantially all of the forward assets of Ditech Financial.

Company a termination fee of up to $30 million.

approximately $63 billion as of March 31, 2019, the servicer advance They Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering almost $3 billion in dividends to shareholders. “New Residential has a difficulties retaining, employees, customers and other third parties; New Residential enters into “stalking horse” Asset Purchase Agreement with Ditech to purchase certain assets in Ditech’s Chapter 11 Bankruptcy ... | June 18, 2019 They represent management’s current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the forward-looking statements.
Following the acquisition of Shellpoint Partners LLC (“Shellpoint”) in 2018, New Residential also benefits from Shellpoint’s origination and third-party servicing platform, as well as a suite of ancillary businesses, including title insurance, appraisal management, property management and other real estate services. organized and conducts its operations to qualify as a real estate Residential is managed by an affiliate of Fortress Investment Group LLC, Until the acquisition closes, Ditech will continue to operate and service its existing customers. forward origination and servicing businesses. general economic and/or industry specific conditions; difficulties in


Pennsylvania, Ditech services a diverse loan portfolio. For more information about Ditech, please visit Ditech website at

certain governmental and quasi-governmental agencies, and (d) other Q2'20 Book Value per Common Share¹.

5.3%.

The acquisition is expected to close in the fourth quarter 2019, subject to certain closing conditions, including, among other things, receipt of approvals from certain governmental and quasi-governmental agencies, and other customary closing conditions.

Securities Litigation Reform Act of 1995, including, but not limited to

New Residential’s investment portfolio includes mortgage servicing related assets, non-agency securities (and associated call rights), residential loans and other related opportunistic investments. Additionally, New Residential will assume certain Ditech office spaces and add approximately 1,100 Ditech employees to support the increase in volume to its existing origination and servicing operations. servicing rights (“MSRs”), with an aggregate unpaid principal balance of