General World News

NewRez to acquire Caliber in $1.7B deal

Acquisitions-hungry New Residential Investment Corp. (NewRez) has agreed to acquire multichannel lender Caliber Home Loans in a deal valued at $1.675 billion, the firms announced on Wednesday.

The agreement with NewRez, a publicly traded mortgage REIT, comes roughly six months after Lone Star Funds attempted to take Caliber public. Since the independent public offering fell apart, sources have told HousingWire that private equity owner Lone Star has been shopping for a buyer for Caliber.

News of late-stage talks between NewRez and Caliber were first reported by HousingWire in details ⇒

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