General World News

Rithm delivers big profit in Q2, starts mortgage biz spin off

New York-based Rithm Capital executives see surging rates and increasing capital requirements for banks as an opportunity to acquire diversified assets and operational platforms at a time when the parent company of New Rez and Caliber plans to spin off its mortgage business.  

“If you think about where we are in the cycle, interest rates are at some of the highest levels we’ve seen in 20+ years, capital requirements in the banking system are headed higher, we are in a period of time where unlevered returns on most of the assets we invest in are between 8% and 12% details ⇒

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