"In December, Rithm completed its acquisition of Crestline Management, adding $17 billion in assets under management while growing its capacities in direct lending, fund liquidity solutions, insurance and reinsurance. In November, the company terminated a subservicing agreement with Onity Group subsidiary PHH Mortgage Corp., effective at the end of January 2026. The contract, which lasted for nearly a decade, was tied to a $33 billion portfolio that's comprised mostly of pre-2008 loans."
"Rithm announced another acquisition in September, shelling out $1.6 billion for its purchase of Paramount Group that includes ownership of 13 million square feet of office real estate in New York City and San Francisco. It also made noteworthy purchases via a $1 billion investment in home improvement loans through fintech Upgrade and $1.5 billion in residential transition loans from an undisclosed institutional investor."
Morgan Stanley, Goldman Sachs, J.P. Mortgage Securities, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, Citigroup Global Markets, Piper Sandler & Co., and Keefe, Bruyette & Woods are serving as joint bookrunners for the public offering. Rithm Capital completed the acquisition of Crestline Management in December, adding $17 billion in assets under management and expanding direct lending, fund liquidity solutions, insurance, and reinsurance capabilities. Rithm terminated a nearly decade-long subservicing agreement with PHH Mortgage Corp., effective January 2026, tied to a $33 billion, mostly pre-2008 loan portfolio. In September Rithm acquired Paramount Group for $1.6 billion, gaining 13 million square feet of office real estate in New York City and San Francisco. The company invested $1 billion in home improvement loans through Upgrade and purchased $1.5 billion in residential transition loans from an undisclosed institutional investor. Newrez posted $295 million pretax income in Q3 2025, with $16.4 billion in funded loans, up 3% year over year, and recorded its biggest month for locked loan volume since 2022.
Read at www.housingwire.com
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