Rithm Capital to acquire Specialized Loan Servicing LLC for ~$720M

Rithm Capital Corp.

Purchase price ~$720M; includes ~$136B UPB of MSRs ($85B third-party servicing) and origination services.
SLS portfolio and operations will be transitioned to and managed by Newrez LLC (Rithm portfolio company).
Closing expected in first half of 2024, subject to regulatory approvals and customary conditions.
Financing through existing cash, available liquidity, and additional MSR financing.

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