New Residential Investment Corp
LSE:0K76
New Residential Investment Corp
New Residential Investment Corp., established in 2011 and headquartered in New York City, has carved a niche in the real estate investment trust (REIT) sector. The company primarily focuses on investing in, and managing, residential real estate-related assets. These include mortgage servicing rights (MSRs), residential mortgage-backed securities (RMBS), and other mortgages and loans. Essentially, New Residential acts as a sophisticated overseer of mortgage-related products, capitalizing on the roaring waves of the real estate market. The core of its business is to acquire MSRs, which are fee-generating assets derived from servicing pools of residential mortgages. With its strategic positioning, New Residential thrives on the incremental cash flows generated through these MSRs, accentuating its competitive edge in a volatile market.
Moreover, New Residential Investment Corp. extends its ambit beyond just fee revenues. By leveraging its deep expertise in the real estate market, the company prudently invests in non-performing loans (NPLs) and seasoned loans, seeking significant returns by finding value where others may not. This venture into high-yield real estate assets allows the firm to cushion the cyclic nature of the housing market. Additionally, the strategic management of RMBS adds a layer of stable income and infiltrates the diverse financial ecosystem of the company. The key to its success lies in the art of balance — between capital preservation through secure investments like MSRs and higher yield opportunities such as NPLs and RMBS — allowing New Residential to capitalize on fluctuating market dynamics while ensuring substantial returns for its stakeholders.
New Residential Investment Corp., established in 2011 and headquartered in New York City, has carved a niche in the real estate investment trust (REIT) sector. The company primarily focuses on investing in, and managing, residential real estate-related assets. These include mortgage servicing rights (MSRs), residential mortgage-backed securities (RMBS), and other mortgages and loans. Essentially, New Residential acts as a sophisticated overseer of mortgage-related products, capitalizing on the roaring waves of the real estate market. The core of its business is to acquire MSRs, which are fee-generating assets derived from servicing pools of residential mortgages. With its strategic positioning, New Residential thrives on the incremental cash flows generated through these MSRs, accentuating its competitive edge in a volatile market.
Moreover, New Residential Investment Corp. extends its ambit beyond just fee revenues. By leveraging its deep expertise in the real estate market, the company prudently invests in non-performing loans (NPLs) and seasoned loans, seeking significant returns by finding value where others may not. This venture into high-yield real estate assets allows the firm to cushion the cyclic nature of the housing market. Additionally, the strategic management of RMBS adds a layer of stable income and infiltrates the diverse financial ecosystem of the company. The key to its success lies in the art of balance — between capital preservation through secure investments like MSRs and higher yield opportunities such as NPLs and RMBS — allowing New Residential to capitalize on fluctuating market dynamics while ensuring substantial returns for its stakeholders.
Record Earnings: Rithm Capital reported record Q4 earnings available for distribution of $0.74 per diluted share, with a full-year figure of $2.35 per share, up 12% year-over-year.
Asset Growth: Assets under management surpassed $100 billion, driven by both organic growth and strategic acquisitions including Crestline Asset Management and Paramount real estate.
Dividend Stability: The company paid out over $600 million in dividends in 2025 and has maintained 25 consecutive quarters where earnings covered payouts.
Paramount Acquisition: Acquisition of Paramount makes Rithm the fourth largest office owner in NYC, adding high-quality Class A office properties at a significant discount to pre-COVID values.
Mortgage Business Strength: Newrez achieved 13% annual earnings growth and $1.1 billion in pretax income, with strong focus on technology investments and non-agency production.
Capital Position: Year-end cash and liquidity stood at $1.7 billion after funding the Paramount deal, with no immediate pressure to raise additional capital.
Optimistic Outlook: Management expects continued growth in originations, market share, and asset management, with an emphasis on prudent, results-driven expansion.
Management
Michael Nierenberg is a well-known figure in the financial industry, particularly recognized for his leadership role at New Residential Investment Corp. He has served as the Chairman, CEO, and President of the company, playing a crucial role in its growth and strategic direction. Nierenberg has extensive experience in the mortgage and investment sectors. Before joining New Residential, he held significant positions at several prominent financial institutions. He was the head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch, where he was part of the executive committee. His career also includes important roles at JP Morgan, serving as the head of Global Securitized Products and at Bear Stearns, where he spent 14 years and was a member of the company’s Board of Directors. Under his leadership, New Residential Investment Corp., which focuses on investing in and managing residential real estate investments, has seen substantial growth and has been actively involved in mortgage servicing and origination. His strategic vision has been a driving force in the company's ability to adapt and thrive in the constantly changing mortgage market. Nierenberg is regarded as a knowledgeable leader with deep expertise in managing complex financial products and understanding market dynamics.
Nierenberg has extensive experience in the mortgage and investment sectors. Before joining New Residential, he held significant positions at several prominent financial institutions. He was the head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch, where he was part of the executive committee. His career also includes important roles at JP Morgan, serving as the head of Global Securitized Products and at Bear Stearns, where he spent 14 years and was a member of the company’s Board of Directors.
Under his leadership, New Residential Investment Corp., which focuses on investing in and managing residential real estate investments, has seen substantial growth and has been actively involved in mortgage servicing and origination.
His strategic vision has been a driving force in the company's ability to adapt and thrive in the constantly changing mortgage market. Nierenberg is regarded as a knowledgeable leader with deep expertise in managing complex financial products and understanding market dynamics.
Nicola Santoro Jr., CPA, is a financial executive known for his role as the Chief Financial Officer (CFO) of New Residential Investment Corp., a position he has held since 2017. In this role, Santoro is responsible for overseeing the financial and accounting functions of the company, which is a prominent real estate investment trust (REIT) focused on investing in and managing residential mortgage-related assets. With a career spanning over several decades, Santoro brings extensive experience in finance, accounting, and strategic planning to New Residential. Before joining the company, he held various senior leadership positions, including his role as the CFO of FXCM, an international provider of online foreign exchange trading and related services. His experience in financial management and leadership is complemented by his certification as a Certified Public Accountant (CPA). Under Santoro's financial stewardship, New Residential Investment Corp. has been able to navigate the complexities of the mortgage and real estate markets, making strategic investments and financial decisions that aim to enhance shareholder value. His expertise in financial operations and his strategic insights contribute to the company's robust financial health and growth prospects. Santoro's background in finance and his leadership capabilities are well-regarded in the industry, and he continues to play a pivotal role in shaping the financial strategies of New Residential Investment Corp.
With a career spanning over several decades, Santoro brings extensive experience in finance, accounting, and strategic planning to New Residential. Before joining the company, he held various senior leadership positions, including his role as the CFO of FXCM, an international provider of online foreign exchange trading and related services. His experience in financial management and leadership is complemented by his certification as a Certified Public Accountant (CPA).
Under Santoro's financial stewardship, New Residential Investment Corp. has been able to navigate the complexities of the mortgage and real estate markets, making strategic investments and financial decisions that aim to enhance shareholder value. His expertise in financial operations and his strategic insights contribute to the company's robust financial health and growth prospects.
Santoro's background in finance and his leadership capabilities are well-regarded in the industry, and he continues to play a pivotal role in shaping the financial strategies of New Residential Investment Corp.
Philip Matthew Sivin, CFA, is an executive associated with New Residential Investment Corp, a prominent real estate investment trust (REIT) focused on managing and investing in residential mortgage-related assets. Holding the Chartered Financial Analyst designation, Sivin has a strong foundation in finance and investment management. His role typically involves overseeing investment strategies, asset management, and financial operations to maximize shareholder value. Sivin's expertise in financial analysis, portfolio management, and strategic planning is crucial for navigating the complex dynamics of the real estate and mortgage markets. His contributions significantly influence the firm's growth, performance, and adaptation to market changes.
David Craig Zeiden is a notable figure in the real estate investment industry. He has played a pivotal role at New Residential Investment Corp, a prominent real estate investment trust (REIT) that focuses on investing in and managing residential real estate-related assets. Although specific details about his biography and career trajectory within the company might not be extensively documented in public records, his contributions to the real estate sector are recognized, particularly in terms of strategic investment initiatives. New Residential Investment Corp is involved in various activities, including mortgage servicing rights (MSRs), non-agency securities, and residential loans, among others. Executives like David Craig Zeiden typically contribute to the company's strategic direction, investment decisions, and management of its diverse portfolio to capitalize on market opportunities and generate value for investors. Please note that while there might be specific details about his responsibilities and accomplishments, a comprehensive biography might not be publicly available. If you require more detailed information, it may be beneficial to look up official company publications or press releases.
New Residential Investment Corp is involved in various activities, including mortgage servicing rights (MSRs), non-agency securities, and residential loans, among others. Executives like David Craig Zeiden typically contribute to the company's strategic direction, investment decisions, and management of its diverse portfolio to capitalize on market opportunities and generate value for investors.
Please note that while there might be specific details about his responsibilities and accomplishments, a comprehensive biography might not be publicly available. If you require more detailed information, it may be beneficial to look up official company publications or press releases.
Martin Migliara does not appear to be a recognized executive officer at New Residential Investment Corp. or any other well-known public entity. It's possible that he might not hold a prominent or publicly visible role in the company. For accurate and up-to-date information, please consider checking the company's official website or recent press releases.
