![]() New Residential will fund the deal using a mixture of existing cash and available liquidity as well as equity and the sale of certain investment securities. Caliber had pre-tax income of $891 million in 2020 and its return on equity came to 53%. Caliber Home Loans, Inc., 3701 Regent Boulevard, Irving, Texas 75063 (NMLS 15622). ![]() The deal is expected to boost 2022 return on equity and to be accretive to earnings in the first full calendar year after closing. End your session to sign off all of your Caliber applications. "With this acquisition, we have significantly strengthened our capabilities to perform across interest rate environments," New Residential Chief Executive Michael Nierenberg said in a statement. The deal will combine New Residential's wholly owned mortgage originator and servicer NewRez LLC with Caliber's platform and is expected to close in the third quarter. Said Wednesday it has entered an agreement with units of Lone Star Funds to acquire Caliber Home Loans Inc.
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