Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights
Rithm Capital Corp. (RITM)
Company Research
Source: Business Wire
$461 Million Non-Recourse Fixed Note Offering Represents Another Innovation in MSR Financing NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm Capital” or “Rithm”), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights (“MSRs”).Leveraging Rithm’s scale, strong servicing performance and high-quality collateral, this first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expected life of the assets of 3 years. The $461 million transaction was over-subscribed and represents a significant increase from an initial $378 million offering size, driven by strong demand for the securitization’s unique structure and underlying asset portfolio.“As a pioneer in investing in mortgage servicing rights, Rithm leverages its deep market insights and operating expertise to bring the benefi
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RITM
News
- Rithm Capital Corp. (NYSE: RITM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $13.00 price target on the stock.MarketBeat
- Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Up 3.3% Since Q3 Earnings Beat on Interest Income Growth [Yahoo! Finance]Yahoo! Finance
- Rithm Capital's (NYSE:RITM) five-year earnings growth trails the 2.3% YoY shareholder returns [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Corp. (NYSE: RITM) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $14.00 price target on the stock.MarketBeat
RITM
Earnings
- 10/29/24 - Beat
RITM
Sec Filings
- 11/12/24 - Form 3
- 11/12/24 - Form 3
- 11/5/24 - Form 4
- RITM's page on the SEC website