Market Overview

New Residential Declares a Fourth Quarter Dividend of $0.50 per Common Share

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New Residential Investment Corp. (NYSE:NRZ; "New Residential" or the
"Company") announced today that its Board of Directors declared a
quarterly dividend of $0.50 per common share for the fourth quarter of
2017. The dividend is payable on January 30, 2018 to shareholders of
record on December 29, 2017.

ABOUT NEW RESIDENTIAL
New Residential focuses on
opportunistically investing in, and actively managing, investments
related to residential real estate. The Company primarily targets
investments in mortgage servicing related assets and other related
opportunistic investments. New Residential is organized and conducts its
operations to qualify as a real estate investment trust ("REIT") for
federal income tax purposes. The Company is managed by an affiliate of
Fortress Investment Group LLC (NYSE:FIG), a global investment
management firm.

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