Rithm Capital Stock (NYSE:RITM)

Rithm Capital Corp. operates in the United States, offering funding and various services to the real estate and financial industries. Its investment holdings are diverse, encompassing assets tied to mortgage servicing, residential-backed securities and loans, and consumer credit products. For federal tax purposes, the company qualifies as a real estate investment trust (REIT), meaning it is typically exempt from federal corporate income taxes if it distributes at least 90% of its taxable earnings to its shareholders. The company, which was originally known as New Residential Investment Corp., adopted its current name, Rithm Capital Corp., in August 2022. Established in 2011, Rithm Capital Corp. maintains its primary corporate office in New York, New York.