Rithm Capital has announced the closure of the largest mortgage servicing rights (MSR) debt issuance to date, totaling $878 million. This marks a key milestone as it is only the second nonrecourse MSR securitization in history. Since 2015, Rithm has successfully closed 17 MSR transactions worth $7.7 billion. Rithm's CEO emphasized the firm's commitment to expanding access to MSR and high-quality mortgage solutions. The company also reported substantial net income growth and plans to pursue further acquisitions in the financial services and real estate sectors, as they seek to leverage their extensive operational experience.
The transaction reflects Rithm's significant experience in MSR, with 17 deals totaling $7.7 billion closed since 2015 and confidence in their innovative approach.
Michael Nierenberg highlighted how the latest closing of $878 million indicates strong confidence in Rithm's platform and commitment to high-quality mortgage servicing solutions.
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