New Residential is a real estate investment trust (REIT) that focuses on investing in and managing residential mortgage assets. The company primarily acquires and manages mortgage servicing rights, residential mortgage-backed securities, and other related investments. By doing so, it aims to generate income from the interest and fees associated with these assets. Founded in 2013, New Residential operates under the umbrella of New York Mortgage Trust, Inc. and is publicly traded on the New York Stock Exchange. The company seeks to capitalize on opportunities in the housing market, providing investors with exposure to the residential sector while aiming for attractive returns.