Anyone loading up on NRZ?

I bought some last week and just bought some more. Now holding 200 shares DCA'd at $5.96.

Don't know anything about this stock, just going to try to hit a few home runs per this board's advice with some play money.

This still a play? Many have invested in this stock so you probably have really good information on it. It’s taking a beating, so I’ve been doing a bit of research on it trying to decide whether to get in this morning.

The CEO was on the board at Bear Sterns during the 2008 mortgage crisis and before that he helped build Lehman’s adjustable rate mortgage business, so we know he’s willing to roll the dice and lands on his feet even when even a major company he’s with goes under. They have cut their dividend 90% and dumped $6 billion for what appears to be a liquidity crunch during this pandemic. Ocwen, a major partner, is now pulling their guidance for the year as of this morning. I know the Federal Reserve is buying up mortgage debt, which would seem to help, but the effort is focused on securities consisting of agency loans that were created with help from the federal government . That’s different from New Residential’s non-agency debt. That’s from what I can tell, but I may be getting this wrong. What are thoughts on whether it makes it now and is it time to get in/add more?