New Residential Investment Corp. (NRZ on the New York Stock Exchange) is headed by Michael Nierenberg. He serves as the CEO and President (since November, 2013). He is also Chairman of the company’s Board of Directors, a position he’s held since May of 2016.
In the past, Michael Nierenberg has held many high-level, leading positions at Bear Stearns. A place he worked for 14 years (1994-2008). One of his most notable positions was head of the Foreign Exchange Trading division and serving on the company’s Board of Directors. He worked at Lehman Brothers seven years prior to that. His efforts were key in developing their adjustable rate mortgage business.
In 2008, he joined Bank of America Merrill Lynch. Michael Nierenberg is currently head of the Global Mortgages and the Securitized Products divisions. He oversees all trading and sales within both divisions of the company. In addition to the many titles and positions held, and preformed with excellent success, Mr. Nierenberg also serves as a Managing Director at Fortress Investment Group, LLC.
New Residential Investment Corp. specialzes in Excess Mortgage Servicing Rights (MSRs), non-Agency RMBS (Residential Mortgage Backed Securities), and Servicer Advances. And with Michael Nierenberg at the helm of NRZ, the company, and Michael, are dedicated to bringing strong, sound, long term cash flows that have growing potential to their investors. This includes keeping the capital structure to ensure that the returns are viable through fluctuating intrest rates.
Michael Nierenberg has a proven talent for being able to manage financial wealth. He and NRZ believe that the current, and future, U.S. residential housing market has somewhere around a $21 trillion dollar potential. This is due in large part to the restructuring of how mortgages are created, structured and overseen.
The financial savvy of Michael Nierenberg means that NRZ is one of the few companies on this market that can offer a wealth of professional experience, the connections, and the capital this high a level. The future is looking bright.
Michael Nierenberg’s: Twitter