Newrez LLC

Transaction is Rithm’s third of its kind so far this year

Philadelphia-based advisor known for consultative, asset-backed financing

Newrez CIO Felicia Grumet becomes CFO

Shellpoint and BNY Mellon seek to dismiss a class action over revived second mortgages, arguing no duty to send statements on debts discharged in bankruptcy amid growing scrutiny of “zombie lien” practices

Company says Mark McArdle’s hire reflects its commitment to ‘caring fiercely’ for homeowners, responsible participation in markets

Total funded originations for quarter for Rithm's Newrez were $11.8B, a 9% YoY increase