Rithm, based in New York, is pursuing opportunities in mergers and acquisitions, particularly in relation to the Rocket-Mr. Cooper transaction. Despite a dip in net income to $80.7 million in Q1 2025, Rithm remains active, having made significant acquisitions in 2023, including $1.4 billion in consumer loans from Goldman Sachs. The company's mortgage platform, Newrez, shows promising growth with a 19% pretax return on $5.5 billion of equity. It anticipates continued expansion in its servicing portfolio, which has grown substantially year-over-year.
We are active and we hope to get deals done here in the near future.
Performance matters first, and we will never sacrifice performance in lieu of growing our platform.
Newrez's servicing portfolio grew to $845 billion in unpaid principal balance, up 30% year over year.
In Q1 2025, Rithm reported $80.7 million in net income, down from $291.9 million in the previous quarter.
#mergers-and-acquisitions #financial-performance #mortgage-industry #investment-strategy #market-volatility
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