New Residential Investment Corp is a real estate investment trust (REIT) that primarily focuses on investing in residential mortgage assets. The company aims to generate income through the acquisition and management of various types of mortgage-related investments, including mortgage servicing rights and residential loans. Founded in 2013, New Residential operates under the regulations governing REITs, which require it to distribute at least 90% of its taxable income to shareholders. This structure allows the company to provide attractive dividends to investors while also participating in the growing residential housing market.