New Residential Investment Corp Acquires Caliber Home Loans

April 14, 2021

New Residential Investment Corp. has agreed to acquire Caliber Home Loans, Inc. from an affiliate of Lone Star Funds for $1.675 billion in cash. The deal combines Caliber with New Residential's mortgage origination and servicing platform NewRez to expand purchase origination, servicing capabilities and scale across interest rate environments.

Buyers
New Residential Investment Corp.
Targets
Caliber Home Loans, Inc.
Sellers
An affiliate of Lone Star Funds
Location
Texas, United States
Transaction Type
Buyout

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