Hunton & Williams Advises New Residential in Connection with its Agreement to Acquire Shellpoint Partners

Hunton & Williams represented New Residential Investment Corp. (“New Residential”) in connection with its agreement to acquire from a subsidiary of Shellpoint Partners LLC (“Shellpoint”) a portfolio of mortgage servicing rights (MSRs) relating to approximately $8 billion of Fannie Mae and Freddie Mac mortgage loans, and a Subservicing Agreement pursuant to which Shellpoint will subservice loans for New Residential.  

These agreements were part of the definitive agreements entered into by New Residential to acquire Shellpoint, a vertically integrated mortgage platform with established origination and servicing capabilities.

This team effort was led by structured finance & securitization partner Mike Nedzbala, with support from partner Kevin Buckley, counsel Katrina Llanes, associates Emily Cantrell and Morgan Woods, and other attorneys and staff throughout the firm.