Started new position in portfolio. Purchased 25 shares of New Residential Investment Corporation (NYSE:NRZ).New Residential Investment Corp., incorporated on September 26, 2011, is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company's segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate. Its portfolio includes mortgage servicing related assets, residential mortgage backed securities (RMBS), residential mortgage loans and other investments.
NRZ pays dividend quarterly with 1-4-7-10 schedule. My starting YoC is at 11.92%
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