Merger Mania in the Mortgage Space: New Residential Buys Caliber

Brent Nyitray, CFA, The Motley Fool
·4 min read
Merger Mania in the Mortgage Space: New Residential Buys Caliber

Western Alliance recently bought AmeriHome and Galton Funding, while New Residential (NYSE: NRZ) just inked a deal to buy Caliber Home Loans from Lone Star Funds. After the greatest year for mortgage banking on record, New Residential is looking to the future. What does this transaction mean for the company?