Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.

In its fourth-quarter and full-year 2024 earnings report released Thursday, New York-based Rithm posted GAAP net income of $263.2 million in the final three months of the year. That marked a substantial turnaround from the $87.5 million loss it sustained in the fourth quarter of 2023.

The firm appears to be capitalizing upon some of its recent acquisitions. In 2023, it details ⇒

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