NEW YORK, August 10, 2022--The Rithm Capital team rang the NYSE opening bell in celebration of its recent rebrand.
Since mortgage origination is so cyclical, the stocks of these companies generally trade with mid-single-digit multiples during good times. During the famine part of the cycle, mortgage originators take the opportunity to cut costs and often build ancillary businesses. New Residential has done just that -- rebranding itself as Rithm Capital (NYSE: RITM) to emphasize its non-origination businesses.
FORT WASHINGTON, Pa., July 28, 2022--Newrez LLC ("Newrez", the "Company"), a national mortgage lending and servicing organization, is lending more support to a community near and dear to the organization – veterans – by becoming a 2022 Veterans Golf Association ("VGA") National Sponsor.