Like its peers, New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez, has invested in building an extensive servicing portfolio over the past few years. This has occurred both organically and through acquisitions as Rithm aims to retain customers when mortgage rates decline from current levels. 

But Michael Nierenberg, the company’s chairman, CEO and president, said he’s not in a rush to achieve the nation’s largest mortgage servicing rights (MSR) portfolio. Meanwhile, he’s “less bullish” than his competitors for the origination landscape despite expectations of a rate cut at the details ⇒