New Residential Investment Corp (now Rithm Capital) Overview
Pro stress-test →New Residential Investment Corp was a mortgage REIT that focused on residential real estate investing, particularly mortgage servicing rights and mortgage-backed securities. The company rebranded to Rithm Capital in June 2022 and transitioned from an externally managed to internally managed structure.
Strategic Profile
Pro stress-test →As a mortgage REIT, NRZ targeted opportunistic investments in residential mortgage servicing assets and related real estate securities. The company was managed by an affiliate of Fortress Investment Group and emphasized active portfolio management to capture residential real estate market opportunities.
Competitive Landscape
Pro stress-test →As a mortgage REIT, NRZ historically competed with other mortgage REITs including AGNC Investment Corp, ARMOUR Residential REIT, and New York Mortgage Trust. The sector is characterized by exposure to interest rate volatility and mortgage origination/servicing economics.
Industry Context
New Residential Investment Corp (now Rithm Capital) operates in Mortgage REIT / Real Estate Finance.
Key facts
Headquarters: New York, US · Revenue: $2.63B · Market cap: $5.08B