New Residential Investment Corp.
NRZ-PA
New York Stock Exchange23.33
USD
+0.64
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New Residential Investment Corp.
NRZ-PA
(New York Stock Exchange)
Recent
price
23.33
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Rithm Capital Corp. (NYSE: RITM; formerly New Residential Investment Corp.) operates as a real estate investment trust and global asset manager focused on real estate, credit, and financial services, primarily through investments in mortgage servicing rights, residential securities, loans, and operating platforms. The company conducts business across Origination and Servicing, Investment Portfolio, Residential Transitional Lending, and Asset Management segments; its core products and services encompass mortgage servicing rights (full and excess MSRs, servicer advances), non-qualified mortgage securitizations, residential mortgage-backed securities, single-family rental properties, consumer and business purpose loans, title, appraisal, property preservation, and maintenance services, residential transitional loans via Genesis Capital LLC, and asset management through subsidiaries including Sculptor Capital Management and Rithm Capital Advisors LLC. Newrez LLC, its multichannel mortgage origination and servicing platform, handles funded production volumes, third-party servicing with $878 billion in unpaid principal balance, and MSR portfolios; additional offerings include structured credit, CLO equity investments via the Sculptor Loan Financing Partners platform, home improvement loans through forward flow agreements, and complementary real estate services. Rithm Capital targets institutional investors, real estate professionals, developers, and financial services clients across the United States, with geographic operations centered in New York, Florida, Texas, California, San Francisco, and nationwide servicing networks. Founded in 2013 as a spin-off from Fortress Investment Group and headquartered at 799 Broadway, 8th Floor, New York, New York, the company rebranded from New Residential Investment Corp. in August 2022 to reflect its expanded asset management focus. Recent developments include the completion of the largest-ever MSR-backed securitized note issuance (NZES 2025-FHT1, $878 million) in March 2025; the acquisition of Computershare Mortgage Services Inc. to expand Newrez's servicing portfolio; the launch of Sculptor Loan Financing Partners with an anchor investment; two benchmark securitizations by Genesis Capital; a strategic financing partnership for up to $1.5 billion in residential transitional loans; a forward flow agreement for $1 billion in home improvement loans with Upgrade Inc.; the completion of the Crestline Investors acquisition on December 1, 2025, adding direct lending and insurance capabilities; and a definitive agreement to acquire Paramount Group Inc. for $1.6 billion in cash, enhancing Class A office ownership in New York and San Francisco, targeted for Q4 2025 close.
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New Residential Investment Corp. Announces First Quarter 2020 Results