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July 29 , 2021 New Residential Investment Corp. Announces Second Quarter 2021 Results NEW YORK -- ( BUSINESS WIRE ) -- New Residential Investment Corp. ( NYSE : NRZ ; " New Residential " or the " Company " ) today reported the following information for the second quarter ended June 30 , 2021 : Second Quarter 2021 Financial Highlights : • GAAP Net Income of $ 121.3 million , or $ 0.26 per diluted common share ( 1 ) o $ 107.7 million Pre - Tax Income from Origination and Servicing ( 2 ) • Core Earnings of $ 146.6 million , or $ 0.31 per diluted common share ( 1 ) ( 3 ) • Common Dividend of $ 93.3 million , or $ 0.20 per common share ( 1 ) • Book Value per common share of $ 11.27 ( 1 ) • $ 956.2 million of cash as of June 30 , 2021 Summary Operating Results : GAAP Net Income per Diluted Common Share ( ¹ ) $ GAAP Net Income Non - GAAP Results : Core Earnings per Diluted Common Share ( 1 ) Core Earnings ( 3 ) Q2 2021 NRZ Common Dividend : Common Dividend per Share ( 1 ) Common Dividend Q1 2021 NEW RESIDENTIAL INVESTMENT CORP . 0.26 $ 0.65 $ 121.3 million $ 277.6 million $ 0.31 $ 0.34 $ 146.6 million $ 144.8 million $ 0.20 $ 0.20 $ 93.3 million $ 82.9 million " Heading into the second half of 2021 , we are very excited about the positioning of our company , " said Michael Nierenberg , Chairman , Chief Executive Officer and President of New Residential . " The combined performance of our investment portfolio and operating business lines enabled us to deliver stable book value and good earnings during the quarter . Looking ahead , the focus of our investment business will continue to be on our core assets , including MSRs , call rights and loans . During the second quarter , we saw a slowdown in amortization in our MSR portfolio , which we believe will provide more cash flows and higher earnings as we go forward . We also expect our robust origination platform to more than offset amortization and create more MSRs . Our continued focus on driving higher recapture rates along with technology advancements should also help to create more earnings going forward . " " In addition , we announced the agreement to acquire Caliber Home Loans , Inc. during the second quarter and , as previously announced , are on track to close that acquisition in the third quarter . We believe the combination of Newrez and Caliber will propel our operating strategy forward , adding incremental earnings , talent and asset creation opportunities to our