Rithm Capital Corp (Rithm), formerly New Residential Investment Corp, is a real estate investment trust (REIT) company. The company manages investments in residential real estate. It carries out mortgage servicing related assets, residential mortgage-backed securities, residential mortgage loans, and other opportunistic investments. Rithm's other portfolio investments are origination and servicer advances, which provide the servicer to pool mortgage loans in exchange for a fee. It also co-invests consumer loans such as personal unsecured loans and personal homeowner loans. The company is managed and advised by an affiliate, Fortress Investment Group LLC. Rithm is headquartered in New York, the US
Rithm Capital Corp premium industry data and analytics
Products and Services
Services |
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Real Estate Properties Investments: |
Residential Mortgage Loans |
Mortgage Servicing Rights and Servicer Advances |
XYZ |
XYZ |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Acquisitions/Mergers/Takeovers | In November, the company acquired Sculptor Captal Management. |
2023 | Contracts/Agreements | In October, the company entered into a partnership with Darwin Homes to establish Adoor Property Management LLC. |
2023 | Contracts/Agreements | In October, the company entered into an agreement to acquire Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC for US$720 million. |
Competitor Comparison
Key Parameters | Rithm Capital Corp | American Tower Corp | Simon Property Group Inc | AGNC Investment Corp | PennyMac Mortgage Investment Trust |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | New York | Boston | Indianapolis | Bethesda | Westlake Village |
State/Province | New York | Massachusetts | Indiana | Maryland | California |
No. of Employees | 6,570 | 5,643 | 2,500 | 53 | 7 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Michael Nierenberg | Chairman; Chief Executive Officer; President | Executive Board | 2016 | 60 |
Nicola Santoro | Chief Accounting Officer; Chief Financial Officer; Treasurer | Senior Management | 2015 | 54 |
Philip Sivin | Chief Legal Officer; Managing Director | Senior Management | - | 51 |
Charles Sorrentino | Managing Director | Senior Management | - | - |
Varun Wadhawan | Managing Director | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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