Page 1

NEW RESIDENTIAL INVESTMENT CORP . New Residential Investment Corp. to Acquire Caliber Home Loans , Inc. New Residential to combine NewRez and Caliber platforms into premier financial services company Purchase Price to Book Multiple of 1.0x1 • • Adds $ 141 Billion UPB of MSRs • Combination of Complementary and Leading Mortgage Platforms • Broadens Customer Retention Efforts with Strong Recapture Platform • Enhances Purchase Origination Capabilities with Extensive Retail Footprint • Increases Asset Generation Capabilities and Opportunities • Accretive to 2022 Return on Equity² Exhibit 99.1 NEW YORK- ( BUSINESS WIRE ) —New Residential Investment Corp. ( NYSE : NRZ ; " New Residential ” or the “ Company ” ) announced today that it has entered into a definitive agreement with an affiliate of Lone Star Funds ( " Lone Star " ) to acquire Caliber Home Loans , Inc. ( " Caliber " ) . With this acquisition , New Residential intends to bring together the platforms of Caliber and NewRez LLC ( " NewRez ” ) , New Residential's wholly owned mortgage originator and servicer . The transaction is intended to close as quickly as possible , subject to various approvals and customary closing conditions , and is targeted for the third quarter of 2021 . " We believe this is a terrific acquisition for our Company , " said Michael Nierenberg , Chairman , Chief Executive Officer and President of New Residential . " Over the years , Caliber's experienced team has built a differentiated purchase - focused originator with an impressive retail franchise and solid track record in customer retention . The combination of NewRez and Caliber's platforms will create a premier financial services company with scale , talent , technologies and products to accelerate our mortgage company objectives and generate strong earnings for our shareholders . With this acquisition , we have significantly strengthened our capabilities to perform across interest rate environments . ” " We are excited to be joining the New Residential family , ” said Sanjiv Das , Chief Executive Officer of Caliber . “ By combining platforms with NewRez , we will join another industry pioneer that has complementary strengths and is committed to delivering the dream of home ownership . Our combination of strategies will allow us to accelerate our leading position in purchase lending , grow our digital direct to consumer and broker initiatives , and further propel our retail franchise . As we leverage our digitization investments , we will make the entire mortgage process faster , easier and more efficient . We are thrilled to have the opportunity to deepen our customer relationships , expand our customer reach and provide more industry - leading products and options to our customers . " " This transaction is yet another important milestone for NewRez as we continue to expand our business , grow our customer reach and provide more options to support our homeowners and clients , " said Baron Silverstein , Chief Executive Officer of NewRez . " Combining with Caliber's platform emphasizes our commitment to positioning our business for long - term success while continuing to deliver significant value for our customers , our partners and our employees . " 1 Based on estimated closing book value at September 30 , 2021 , subject to certain downward adjustments . 2 Refers to projected 2022 Return on Equity .