New Residential Investment Corp. is led by Chairman of the Board Michael Nierenberg. Michael holds a triple role with the company as he is also the firm’s Chief Executive Officer and President. Michael has a long and distinguished career in the investment industry that has seen him in highly successful stints with industry-leading organizations such as Bank of America and Fortress Investment Group. As the head at New Residential Investment Corp., Michael Nierenberg has presided over some significant growth and the firm continues to build on its impressive investment portfolio. The company is known for not only investing in but also putting in the managerial effort with the company’s that it is involved with. The residential real estate sector is a major focus for Michael Nierenberg and New Residential Investment Corp.
One of the areas of investment that Michael Nierenberg is a major proponent for is MSRs. These are mortgage servicing rights and Michael Nierenberg has been advocating for them as being a great point of investment potential. With Michael at the head, New Residential Investment Corp. has become an industry leader within the residential sector of the mortgage loan investing market. The company’s work within the sphere of MSRs is a prime example of some of the major success that can be achieved in this market.
Michael Nierenberg emphasizes that there are a number of benefits to gain from investment in MSRs. Included among these benefits is the fact that MSRs provide substantial opportunities in terms of assets and can also provide major opportunities in terms of overall cash flow. MSRs are also notable for the fact that they generally tend to increase their value whenever interest rates go up. It is also the case that currently, there is a wealth of MSRs available out there in supply. These types of outstanding benefits have led Michael Nierenberg and his team at New Residential Investment Corp. to put a lot of value on the acquisition of MSRs. His distinguished executive leadership team includes Nick Santoro and David Schneider. Nick serves as Chief Financial Officer and David serves the company as its Chief Accounting Officer.
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