Business
from24/7 Wall St.
1 day agoRITM Stock Near 52-Week Low Despite $100 Billion in Assets and a Blowout Quarter
Rithm Capital's strong earnings contrast with its low stock price, raising questions about market perception and company identity.
In December, Rithm completed its acquisition of Crestline Management, adding $17 billion in assets under management while growing its capacities in direct lending, fund liquidity solutions, insurance and reinsurance. In November, the company terminated a subservicing agreement with Onity Group subsidiary PHH Mortgage Corp., effective at the end of January 2026. The contract, which lasted for nearly a decade, was tied to a $33 billion portfolio that's comprised mostly of pre-2008 loans.