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Wednesday, January 11, 2023 9:44:53 AM
Expect RITM to be an active bidder on MSRs being sold. And this will require cash well in excess of what is generated in normal runoff.
I also noticed a major shift in the Correspondent Lending space in 2022. Many sellers were actively looking for new relationships starting in 2022. It makes sense now. WFC must have intentionally started offering less favorable pricing last year in an effort to slow the growth of its servicing portfolio.
C also began rebuilding its CL business in 2021.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, Founder and CEO of Harwood International
Recent RITM News
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- CORRECTING and REPLACING Rithm Capital Corp. Declares Third Quarter 2024 Common and Preferred Dividends • Business Wire • 10/07/2024 10:10:00 PM
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- Rithm Capital Corp. Announces Public Offering of Common Stock • Business Wire • 09/24/2024 08:05:00 PM
- Rithm Capital Corp. Declares Third Quarter 2024 Common and Preferred Dividends • Business Wire • 09/20/2024 08:30:00 PM
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- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 06/18/2024 09:44:00 PM
- Rithm Capital Corp. Declares Second Quarter 2024 Common and Preferred Dividends • Business Wire • 06/18/2024 08:45:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 12:42:00 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 09:06:43 PM
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