Rithm 2.0
Rithm Capital, formerly New Residential Investment Corp., was created in 2013 to own mortgage servicing rights (“MSRs”) and other mortgage related assets. Over the years, Rithm has evolved into a leading manager of assets and investments across the real estate and financial services space. What was once solely a holder of MSRs, Rithm has grown to approximately $7 billion in equity, distributed over $4.3 billion in dividends, and now manages multiple operating companies and a diverse investment portfolio. We take great pride in being a steward of the capital we manage and striving to generate attractive returns.
Our success is driven by our strategic approach, focused on a diverse, complementary, and adaptable portfolio of investments that includes our operating companies, investment portfolio, and recently launched private capital business. Since our inception, we have built out our asset manufacturing capabilities with the addition of companies like Newrez and Genesis Capital, and have developed the right strategies to capture the value of each investment.
In late 2022, Rithm announced its expansion into private capital to diversify our investment platform. As we build out our business and manage third-party capital, our hope is to generate recurring earnings for shareholders and create new opportunities for growth in 2023 and beyond.
2013
Becomes publicly-traded through a spin-off as an owner of Excess MSRs and other residential assets
2013-2017
Grows investment portfolio through acquisitions; becomes eligible to own Full MSRs in all 50 states
2018
Acquires what are now known as Newrez, Shellpoint, Avenue365, and eStreet, providing a significant boost to our asset generation capabilities and earnings power through a significant entry into the mortgage and servicing space
2019
Enhances its mortgage platform with the acquisition of select assets from Ditech and expands its services business with the acquisition of Guardian Asset Management
2021
Gains additional scale and product origination capacity through the acquisition of Caliber Home Loans and business purpose lender, Genesis Capital
2022+
Internalizes management function from an affiliate of Fortress Investment Group
Rebrands to Rithm Capital from New Residential to reflect diversification and strategic ambitions beyond residential mortgage
Expands into private capital business