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Rithm Capital To Acquire Specialized Loan Servicing Llc

PUBLIC · RITMOct 02, 2023

Acquiring Company

Rithm Capital

Acquired Company

Manage Your Loans

New YorkDarwinFinancial ServicesReal EstateFinanceLendingFinancial ServicesFinanceLending

Description

Rithm Capital Corp. (NYSE: RITM) (“Rithm Capital”), an asset manager focused on the real estate and financial services industries, today announced it has entered into a definitive agreement with Computershare Limited (ASX: CPU) (“Computershare”) to acquire Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (“SLS”), for a purchase price of approximately $720 million.

Quick answer

Rithm Capital is acquiring Manage Your Loans, announced October 2, 2023. Rithm Capital is based in New York, New York, United States.

How much did Rithm Capital pay for Manage Your Loans?
The deal value was not disclosed.
What does Rithm Capital do?
Rithm Capital is an asset manager focused on the real estate and financial services industries.
Where are Rithm Capital and Manage Your Loans based?
Rithm Capital is based in New York, New York, United States. Manage Your Loans is based in Darwin, Northern Territory, Australia.
Who are the decision-makers at Rithm Capital?
Fundz holds 1 contact at Rithm Capital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Rithm Capital

Location

799 Broadway

New York, New York, United States

About

Rithm Capital is an asset manager focused on the real estate and financial services industries. Rithm Capital’s investments in operating entities include leading origination and servicing platforms held through its wholly-owned subsidiaries, Newrez LLC, Caliber Home Loans Inc., and Genesis Capital LLC, as well as investments in affiliated businesses that provide residential and commercial real estate related services. The Company seeks to provide attractive risk-adjusted returns across interest rate environments. Since inception in 2013, Rithm Capital has delivered approximately $4.7 billion in dividends to shareholders. Rithm Capital is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes and is headquartered in New York City.

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Frequently asked

Who acquired Manage Your Loans?

Manage Your Loans was acquired by Rithm Capital, based in New York. The deal was reported on October 2, 2023. Rithm Capital is an asset manager focused on the real estate and financial services industries. Rithm Capital is publicly traded (RITM) and operates in Financial Services.

When did Rithm Capital acquire Manage Your Loans?

Rithm Capital's acquisition of Manage Your Loans was reported on October 2, 2023. Rithm Capital Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Manage Your Loans do?

Manage Your Loans is a mortgage brokerage founded by venture capitalists Andrew Carey and Joshua Payne, headquartered in Darwin and providing loan broking services to borrowers across Australia since November 1, 2023. It is privately held, operating in Financial Services, and is based in Darwin.

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