Latest news with #RithmCapital
Globe and Mail
3 days ago
- Business
- Globe and Mail
Rithm Capital Closes $482.6 Million Non-QM Loan Securitization
Rithm Capital Corp. (NYSE: RITM, 'Rithm Capital' or the 'Company'), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced the close of NRMLT 2025-NQM4, a $482.6 million securitization backed by a pool of non-qualified residential mortgage ('Non-QM') loans. The loans are serviced by Rithm's subsidiary, Newrez LLC, one of the largest mortgage servicers in the US. NRMLT 2025-NQM4 is collateralized by a pool of 931 fully amortizing and interest-only, fixed-rate residential mortgage loans secured by first liens on primarily one-to-four family residential properties. The loans have a weighted averaged credit score of 752 and a loan-to-value ratio of 70.08. The debt tranches issued in the securitization were rated by S&P and KBRA with tranches rated AAA through BB+. Nomura structured the deal and served as joint bookrunner, alongside Barclays, BMO, Deutsche Bank, Goldman Sachs, Morgan Stanley, and Wells Fargo. 'We are pleased to continue to enhance the scale and sophistication of our residential mortgage origination and servicing platform,' said Sanjeev Khanna, Managing Director at Rithm Capital. 'This transaction underscores the depth and breadth of our capabilities and access to scalable, high-quality Non-QM assets. We remain focused on leveraging our sourcing channels to deliver compelling opportunities for our investors across various market conditions.' Rithm is a leading Non-QM issuer, with approximately $8.2 billion unpaid principal balance issued across 24 deals. NRMLT 2025-NQM4 marks Rithm's fourth Non-QM transaction in 2025. About Rithm Capital Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans across asset based finance, direct lending in residential and commercial real estate, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors.
Business Wire
3 days ago
- Business
- Business Wire
Rithm Capital Closes $482.6 Million Non-QM Loan Securitization
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, 'Rithm Capital' or the 'Company'), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced the close of NRMLT 2025-NQM4, a $482.6 million securitization backed by a pool of non-qualified residential mortgage ('Non-QM') loans. The loans are serviced by Rithm's subsidiary, Newrez LLC, one of the largest mortgage servicers in the US. NRMLT 2025-NQM4 is collateralized by a pool of 931 fully amortizing and interest-only, fixed-rate residential mortgage loans secured by first liens on primarily one-to-four family residential properties. The loans have a weighted averaged credit score of 752 and a loan-to-value ratio of 70.08. The debt tranches issued in the securitization were rated by S&P and KBRA with tranches rated AAA through BB+. Nomura structured the deal and served as joint bookrunner, alongside Barclays, BMO, Deutsche Bank, Goldman Sachs, Morgan Stanley, and Wells Fargo. 'We are pleased to continue to enhance the scale and sophistication of our residential mortgage origination and servicing platform,' said Sanjeev Khanna, Managing Director at Rithm Capital. 'This transaction underscores the depth and breadth of our capabilities and access to scalable, high-quality Non-QM assets. We remain focused on leveraging our sourcing channels to deliver compelling opportunities for our investors across various market conditions.' Rithm is a leading Non-QM issuer, with approximately $8.2 billion unpaid principal balance issued across 24 deals. NRMLT 2025-NQM4 marks Rithm's fourth Non-QM transaction in 2025. About Rithm Capital Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans across asset based finance, direct lending in residential and commercial real estate, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors.
Globe and Mail
05-08-2025
- Business
- Globe and Mail
Rithm Capital Announces Forward Flow Agreement with Upgrade, Inc. to Acquire $1 Billion in Home Improvement Loans
Rithm Capital Corp. (NYSE: RITM, 'Rithm' or the 'Company'), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced it has closed a one-year forward flow agreement to acquire $1 billion in home improvement loans originated and serviced by Upgrade, Inc. ('Upgrade'), a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers. This acquisition enables Rithm to underwrite and manage a high-quality pool of loans in a growing area of the market and expand its asset-based finance platform. 'This agreement builds on Rithm's depth and breadth of expertise acquiring and managing consumer loans,' said Michael Nierenberg, Chairman, Chief Executive Officer and President of Rithm Capital. 'Home improvement loans are a rapidly growing segment of the consumer market, and one where our established capabilities can be particularly valuable. This agreement will help merchants nationwide expand their reach and provide their customers with access to the capital they need. Our team is excited to support Upgrade's high-growth trajectory, while strengthening our pioneering real estate and credit platform to drive shareholder value.' Upgrade has originated nearly $2 billion in affordable and responsible home improvement credit through more than 100,000 loans. Utilizing a robust technology platform and a growing merchant partner network, Upgrade creates an accessible and flexible customer solution to enhance living spaces, improve energy efficiency, and increase property value through essential upgrades. 'Rithm Capital is an ideal capital partner for us as we continue to grow our home improvement product,' said Renaud Laplanche, Upgrade Co-Founder and CEO. 'Rithm's investment underscores the quality of the assets generated through our platform and provides the expertise and scale we need to meet demand. We look forward to continuing to develop our product, expand our network of partners and provide exceptional value to homeowners.' About Rithm Capital Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans residential and commercial lending, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors. About Upgrade Upgrade, Inc. offers affordable and responsible credit, mobile banking and payment products to mainstream consumers. Upgrade has delivered over $40 billion in affordable and responsible credit to customers since its inception in 2017. The company's headquarters are in San Francisco, California, with an operations center in Phoenix, Arizona, a technology center in Montreal, Canada, and regional offices in Atlanta, Georgia, and Irvine, California. Upgrade is a financial technology company, not a bank. More information is available at:
Bloomberg
05-08-2025
- Business
- Bloomberg
Rithm Capital to Fund $1 Billion in Home-Improvement Loans
Rithm Capital Corp. committed to buying $1 billion in home-improvement loans originated by fintech Upgrade, as the asset manager expands its bet on consumer credit. Rithm, which oversees $36 billion, plans to underwrite, acquire and manage loans originated by Upgrade through a one-year forward purchase agreement, according to a statement Tuesday.
Yahoo
28-07-2025
- Business
- Yahoo
Rithm Capital Corp. Schedules Investment Community Meeting to Discuss Genesis Capital
NEW YORK, July 28, 2025--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, "Rithm Capital," "Rithm" or the "Company") announced today that it will hold an Investment Community Meeting to discuss Genesis Capital (Genesis), its wholly-owned subsidiary and leading Residential Transitional Lender serving the professional residential real estate sponsor community. The event will be held in New York City on the morning of Thursday, September 11, 2025, with presentations given by members of senior management from Rithm Capital and Genesis Capital. Members of the investment community that are interested in attending the Meeting may register on the Rithm Capital website under the Events section of the website ( Attendance for the event will be limited, and you are encouraged to register in advance. ABOUT RITHM CAPITAL Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm's integrated investment platform spans residential and commercial lending, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors. View source version on Contacts Investor Relations (212) 850-7770ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
