Welcome to our dedicated page for Rithm Capital news (Ticker: $RITM), a resource for investors and traders seeking the latest updates and insights on Rithm Capital stock.
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Rithm Capital Corp. (NYSE: RITM) completes the acquisition of Computershare Mortgage Services Inc., including SLS, expanding Newrez 's servicing portfolio and subservicing platform. The transaction adds approximately $149 billion in unpaid principal balance of servicing UPB, enhances client base and wallet share, and provides added operating leverage to Newrez's operations.
Rithm Capital Corp. reported strong Q1 2024 results with GAAP net income of $261.6 million, earnings available for distribution of $233.2 million, and a common dividend of $120.9 million. The company's book value per common share stood at $12.19, indicating a robust financial performance. Rithm Capital's various segments, including Newrez Combined Origination & Servicing and Sculptor, contributed positively to the quarter's results. The company expanded its Institutional Credit Strategies and announced the acquisition of Computershare Mortgage Services Inc. and affiliates, reinforcing its market position.
