Newrez, Rithm's mortgage subsidiary, recorded a pre-tax income of $245.9 million.
Tagged: Rithm Capital
Newrez, Rithm's mortgage company, recorded an origination and servicing segment pre-tax income of $247.7 million.
Amid strategic acquisitions and a potential mortgage unit spinoff, CEO highlights company's vision to lead the global asset management arena.
Former execs, including Dan Och, argue the $676 million deal prioritizes CEO Jimmy Levin's interests over shareholders; push for rival group's higher bid to be considered.
In a bid to win over shareholders, the real estate investment trust ups its offer to $676 million.
Transaction grows Newrez’s third-party servicing business to $180 billion.
Asset management giant Rithm to add Sculptor's $34 billion AUM to its portfolio.
Satish Mansukhani previously held similar positions at Bank of America and Credit Suisse.
CEO says stock is undervalued, sees opportunity to 'further diversify our business model.'