Rithm Capital Business Summary

Rithm Capital Corp. (NYSE: RITM) is a vertically integrated global asset manager and real estate investment trust (REIT) that generates revenue through a diversified mix of mortgage servicing fees, net interest income, loan origination gains, and third-party asset management fees. The company operates through four primary business segments: Origination and Servicing (anchored by Newrez), Investment Portfolio (MSRs and RMBS), Residential Transitional Lending (Genesis Capital), and Asset Management. Following its transformational acquisitions of Sculptor Capital Management, Crestline Investors, and Paramount Group, Rithm has scaled its platform to manage over $100 billion in investable assets as of early 2026. Within the competitive landscape, Rithm competes directly with mortgage servicers like Mr. Cooper and PennyMac Financial, as well as mortgage REITs such as Annaly Capital Management and AGNC Investment Corp., distinguishing itself through its hybrid model as both an owner-operator and a diversified alternative investment manager. Originally established in 2013 as a spin-off from Newcastle Investment Corp. under Fortress Investment Group, the company is led by founding CEO, President, and Chairman Michael Nierenberg. A veteran of the mortgage and securitized products sectors, Nierenberg previously held senior leadership roles at Bear Stearns, Lehman Brothers, and Bank of America Merrill Lynch. The executive team includes Nicola Santoro Jr. as Chief Financial Officer and Treasurer, and David Zeiden as Chief Legal Officer, both of whom bring extensive backgrounds in financial services and corporate governance. Rithm’s strategic direction is overseen by a board of directors featuring industry veterans such as David Saltzman and Ranjit Kripalani, while its institutional backing remains robust with significant ownership stakes held by major global investors including BlackRock, Vanguard, and State Street.