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.
Rithm Capital Corp. reports developments across a real estate and credit platform that operates as a publicly traded REIT and global alternative asset manager. Its updates commonly cover asset-based finance, residential and commercial real estate lending, mortgage servicing rights, structured credit, and operating platforms including Newrez, Genesis Capital, Sculptor Capital Management, Crestline Investors, and Elecor Properties.
Recurring news themes include quarterly results, asset-management activity, debt financing, mortgage-backed securitization activity, Newrez mortgage origination and servicing developments, and market data tied to homeowners, insurance costs, credit scoring, and residential lending. Company announcements also describe capital allocation across investment portfolios, operating businesses, and real estate credit strategies.
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.
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