Latest Updates Around The World
Newrez and Valon Newrez, Rithm’s largest operating business, reported higher profits for the year despite mortgage rate volatility and faster prepayments. The mortgage platform generated approximately $1.1 billion in pre-tax revenue in 2025, including mark-to-market adjustments, up 17% year-over-year, according to Newrez president Baron Silverstein, who called it a “milestone” for the platform. Silverstein also […]
“The global crypto market has surpassed $3 trillion, and an estimated 45% of Gen Z and Millennial investors – many of whom are future homebuyers – own crypto,” said Leslie Gillin, Chief Commercial Officer of Newrez, in a statement. “An increasing number of consumers are incorporating crypto into their investment portfolios, while major financial institutions […]
Crestline adds $17 billion in assets under management and expands Rithm’s capabilities into direct lending, financing liquidity solutions, insurance and reinsurance. “Our teams have already begun working together to identify opportunities to integrate our capabilities and support the expansion of Rithm’s broader platform,” said Doug Bratton, founder and CEO of Crestline, in a statement. Keith […]
“With the recent decline in rates, our origination business ended the quarter with our largest month in lock volume since early 2022,” Newrez President Baron Silverstein said during an earnings call Thursday morning. “While market competition continues to drive margin pressure, our disciplined focus remains on profitable growth with an eye for market opportunities.” On […]
Emerson was joined by Terry Schmidt, CEO of Guild Mortgage; John Hedlund, vice chairman of ICE mortgage technology; and Brian Woodring, chief information officer at Nurez. Emerson acknowledged what he called the “elephant in the room” — industry consolidation — before turning the conversation over to Schmidt, who has been with Guild for 41 years […]
Rithm Capital Corp.parent company of Meerkanaals money lender Newrezhas closed a deal to acquire alternative investment manager Crestline ManagementA movement that adds $ 17 billion in assets to control and extends its reach to direct loans, fund liquidity solutions, insurance and reinsurance. The acquisition, announced on Thursday, follows the winning call from Rithm, when RithM […]
