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New Residential Investment completes MSR deal with Walter Capital Opportunity

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New Residential Investment completes MSR deal with Walter Capital Opportunity

New Residential Investment Corp. closed its acquisition of mortgage servicing rights and related servicer advances from Walter Capital Opportunity LP and its subsidiaries and Ditech Financial LLC.

The New York-based investment company acquired in December 2016 approximately $32.5 billion unpaid principal balance of mortgage servicing rights and related servicer advances of Fannie Mae and Freddie Mac residential mortgage loans from the entities for a purchase price of approximately $244.3 million and $34.8 million, respectively.

Ditech subservices the portfolio on behalf of New Residential Mortgage LLC, a wholly owned subsidiary of New Residential Investment.