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New Residential files for spinoff of mortgage origination unit

Nov. 20, 2020 7:15 AM ETRithm Capital Corp. (RITM) StockBy: Liz Kiesche, SA News Editor139 Comments
  • New Residential Investment's (NYSE:NRZ) national mortgage lending and servicing arm New Rez LLC, confidentially submits a draft registration statement with the SEC for a proposed IPO.
  • NewRez has been a fast grower, with full-year 2020 pretax income seen at $850M-$900M vs. $225M a

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