Weeks before Guardian Asset Management was purchased by New Residential Investment Corp, Covius Holdings, had a strategic investment made. That investment was made by no other than New Residential. And several weeks after that, Covius Holdings announced the acquisition and purchase of various businesses from Chronos Solutions including its credit, flood, income and tax verification services, REO management and disposition, online foreclosure auction and homeowners association (HOA) tracking units.
So, who is the New Residential Investment Corp (NRIC)? Its parent, Fortress Investment Group . . .
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