- CEO
- Michael Nierenberg
- Full Time Employees
- 6,045
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 799 Broadway New York City NY United States of America 10003
- IPO Date
- Sep 15, 2021
- Business
- Rithm Capital Corp. (NYSE: RITM, RITM-PD) is a real estate investment trust (REIT) focused on real estate, mortgage, and financial services investments; it originates, acquires, finances, and services residential and commercial real estate loans; provides mortgage servicing rights (MSRs) and subservicing; invests in mortgage servicing-related assets, single-family rental properties, and consumer loans; and manages credit, private equity, and infrastructure investments through its subsidiaries [ from previous][ from previous]. The company operates across the United States and select international markets, targeting institutional investors, homeowners, and commercial borrowers in the real estate finance sector. Founded in 2013 as New Residential Investments Corp. and headquartered in New York, New York, Rithm Capital changed its name in 2022 to reflect its expanded focus beyond residential mortgages into broader real estate and financial strategies; it has no publicly announced parent company but maintains key subsidiaries including Rithm Realty Trust, Sculptor Capital Management, and Performant Financial [ from previous][ from previous].
Rithm Capital's core offerings encompass a diversified portfolio of products and services: residential mortgage origination and securitization through brands like Eagle Home Mortgage; MSR portfolios totaling over $800 billion in unpaid principal balance as of late 2025; commercial real estate lending and bridge financing; single-family rental investments via Invitation Homes joint venture interests; consumer loan origination and servicing; and alternative asset management including real estate credit funds and infrastructure equity [ from previous][ from previous][ from previous].
In the past 1-2 years, Rithm Capital has pursued significant strategic expansions, including the 2024 acquisition of Sculptor Capital Management for $1 billion to bolster its private credit and real estate investment capabilities; a 2025 partnership with JPMorgan Chase to expand MSR subservicing volumes; the launch of new commercial real estate debt funds targeting $2 billion in deployments; and a major funding round in early 2025 raising $650 million through preferred equity issuances (including RITM-PD) to fuel growth in single-family rentals and credit investments [ from previous][ from previous]. These moves align with broader industry shifts toward diversified real estate finance amid interest rate volatility. The company continues to emphasize operational efficiencies, such as technology-driven servicing platforms, to serve its institutional and retail client base across North America [ from previous].