Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights [Yahoo! Finance]
Rithm Capital Corp. (RITM)
Company Research
Source: Yahoo! Finance
NEW YORK, November 14, 2024 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 benefits of this attractive asset class to more investors," said Michael Nier
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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 RightsBusiness Wire
- 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