Premiere CC - using title (text) layer as mask for video layer

[Ygramul]

I have two video clips, both are 1920x1080 (the woman and the red rectangle) and a legacy title (the white text).

I want the red rectangle to be in the shape of the title/text layer. Nothing else.

I tried track matte key, but it resized the title for some reason. I'm not sure if that's the way to do it, anyway.

Here's an example.