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.
New Residential Investment Corp. (NYSE: NRZ) has announced its management internalization and plans to rebrand as Rithm Capital Corp. (NYSE: RITM). The internalization will conclude an external management agreement and is expected to save the company between $60 million and $65 million annually, equating to $0.12 to $0.13 per diluted share. A quarterly dividend of $0.25 per common share was declared, payable on July 29, 2022. Preferred stock dividends were also announced and will be paid on August 15, 2022.