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Rithm eyes M&A, but won’t sacrifice earnings

Executives at Rithm Capital, the parent of multichannel mortgage lender Newrez, said on Friday that the firm will not sacrifice earnings for growth, even amid the mortgage industry wave of consolidation represented by the Rocket Companiesacquisition of Mr. Cooper Group.  

That doesn’t mean Rithm is sitting on the sidelines. New York-based Rithm plans to remain active in mergers and acquisitions, while looking to capitalize on subservicing opportunities that may emerge as a result of the Rocket-Mr. Cooper transaction. 

“Performance matters first, and we will never details ⇒

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