Houlihan Lokey acted as a financial advisor to the Company in connection with the acquisition.
|1||Of the total approximately $3.2 billion of servicing advances, $2.4 billion of advances were funded on December 17, 2013, and the remaining $0.8 billion are anticipated to be fully funded by mid-January, subject to various conditions.|
|2||Please refer to Forward Looking Statements below.|
FORWARD-LOOKING STATEMENTSCertain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation references to a stable 14% return with the potential for upside expected to be generated by the acquisition described in this press release and the Company’s ability to deliver strong returns to stockholders. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operation” in the Company’s Quarterly Report on Form 10-Q, which is available on the Company’s website ( www.newresi.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.