Rithm Capital

Rithm Capital Announces the Closing of a New Note Offering Representing Another Innovation in MSR Financing Rithm Capital announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights (“MSRs”). This first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expected life of the assets. Importantly, the transaction was over-subscribed and represents a significant increase from the initial offering size. ? “As a pioneer in investing in mortgage servicing rights, Rithm leverages its deep market insights and operating expertise to bring the benefits of this attractive asset class to more investors,” said Michael Nierenberg, Chief Executive Officer of Rithm Capital. “This novel transaction is a testament to the strength and breadth of the Rithm platform and to our attractive portfolio of MSR assets. We are thrilled to see such strong demand for this securitization from a broad range of investors, and we look forward to extending our leadership across the mortgage industry.” See full details here: https://lnkd.in/eXqeYDhE

In the face of uncertainties over the economy, inflation and fiscal policy, we expect the Fed to move cautiously while delivering a 25bps cut this Thursday. If the Fed continues to push down the policy rate in 2025, we would be concerned about a potential pickup in inflation. Read more below and subscribe here to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance

In response to the devastating wake of Hurricanes Helene and Milton, Rithm Capital, in partnership with its wholly-owned subsidiary Newrez LLC, has pledged $500,000 toward disaster relief efforts. Funding will directly support Habitat for Humanity and the Newrez Employee Emergency and Disaster Need (NEED) Fund. ? At Rithm Capital, we are defined by the strength of our relationships – this extends to every community and customer we serve across our portfolio.? ? Read more here: https://lnkd.in/eW9vrNUZ ?

Yesterday, Rithm’s Chairman, CEO and President Michael Nierenberg joined Sonali Basak on Bloomberg Television to discuss the latest from across the Rithm Capital platform, including Q3 2024 earnings results, how M&A factors into our growth plans, and the evolution of our asset management platform nearly one year after our transformative acquisition of Sculptor Capital Management. Watch the full conversation to hear Michael’s insights on Rithm and the state of the broader residential and office sectors.

Rithm Capital is proud of the leadership position of its portfolio company Genesis Capital LLC in providing capital for construction financing to fill the severe shortage of housing in the United States. Congratulations to the team on its growing footprint across the nation, the asset-based lending and securitization markets. https://lnkd.in/gDDYz8kX Rithm Capital Genesis Capital LLC Clint Arrowsmith #directlending #ABF #securitization #realestate #housing #finance #markets #economy

Q4 has opened up with resilience taking over from the soft landing narrative that dominated Q3. We share our Eyes On The Market in watching key trends as the quarter unfolds. Read more below and subscribe here to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance Satish Mansukhani

The September FOMC will be marked as one for the history books. Flows and positioning point to investors shying away from outright duration and direct credit exposures, both favored heading into the September FOMC, but not in emerging out of it. Yield curve steepeners and quality credit assets – from agency MBS to AAA and even BBB CLOs – remain favored assets. Read more and subscribe to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #economy #markets #finance Satish Mansukhani

The onset of monetary policy at the September 18th FOMC comes with key questions on the magnitude and path ahead. Read more and subscribe to stay connected: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance Satish Mansukhani

Our latest Rithm Take features what's drawing our focus as Q3 2024 progresses. It's bound to be an interesting one! Read more below and subscribe here to stay connected: https://lnkd.in/eXsnW6sz #TheRithmTake #markets #finance #economy Satish Mansukhani

Fed officials continue to see a path to a soft landing, but achieving that soft landing may require a reduction in the degree of monetary policy restraint as inflation slowly moves towards the Fed’s target and the risk of a higher unemployment rate grows. Read more below and subscribe here: https://lnkd.in/ecvFBvtM #TheRithmTake #markets #economy #finance Satish Mansukhani