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RITM News
RITM Events
Rithm Reports Q2 Revenue of $1.28B, Below Expectations
Reports Q2 revenue $1.28B, consensus $1.42B. "Rithm's strong Q2 performance reflects the significant momentum of our owner-operator platform, which continues to prove its depth and durability," said Michael Nierenberg, CEO. "Despite an uncertain macro environment, our asset management business reached $61 billion in AUM on $1.9 billion of gross inflows, while Genesis delivered its strongest origination quarter ever and Newrez posted a 22% annualized operating return on equity. With Elecor building strong leasing momentum, every pillar of our platform is performing. As our clients deepen their engagement with Rithm, we are confident in our positioning and the compelling opportunities ahead to deliver for our clients and shareholders."
Newrez Expands Partnership with Matic
Newrez is expanding its partnership with digital insurance marketplace Matic to bring always-on, real-time homeowners insurance comparison into its HomeHub customer portal. Through this integration, Newrez homeowners can instantly compare personalized homeowners insurance coverage options and receive quotes 24/7, helping them identify potential savings on premiums.
Newrez Launches AI-Powered Rezi Mortgage Assistant
Newrez announced the launch of Rezi Mortgage Assistant, making Newrez the first major mortgage lender with an AI-powered, consumer-facing mortgage guide built directly into ChatGPT. Designed around how today's borrowers search for answers, the custom GPT delivers instant, plain-language mortgage and home equity responses drawing on Newrez's own lending requirements and educational content, helping consumers navigate the home financing journey with greater clarity and confidence. Unlike generic chat tools, Rezi Mortgage Assistant is grounded in Newrez's actual underwriting guidelines and lending policies, so answers reflect Newrez's specific lending criteria and lead to more relevant and actionable advice. Rezi Mortgage Assistant lets prospective borrowers explore the home financing process on their own terms-without forms, phone calls, or sales pressure-and progress to a loan officer only when they are ready.
Rithm Capital Plans to Offer $500M Unsecured Notes
Rithm Capital plans to offer $500M aggregate principal amount of senior unsecured notes due 2031. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of certain indebtedness.
Rithm Capital Q1 Revenue $1.38B Beats Consensus
Reports Q1 revenue $1.38B, consensus $1.27B. "Despite a challenging and volatile market environment, Rithm delivered strong Q1 results, with Newrez generating a 19% annualized operating ROE, Genesis posting 80% year-over-year origination growth, and our asset management platform growing to approximately $60 billion in AUM," said Michael Nierenberg, CEO of Rithm Capital. "Our diversified owner-operator model is built to perform through disruption, and we are confident the current conditions create compelling opportunities to drive long-term value for our shareholders."
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