NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, āRithmā or the āCompanyā), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced it has closed a one-year forward flow agreement to acquire $1 billion in home improvement loans originated and serviced by Upgrade, Inc. (āUpgradeā), a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers. This acquisition enables Rithm to unde
Related Questions
What pricing terms and interest spreads are associated with the homeāimprovement loans?
How does this transaction compare with similar loanāpurchase agreements by other asset managers?
What is the expected impact of the $1āÆbillion loan acquisition on Rithm Capitalās earnings per share (EPS) and revenue guidance?
How will the forward flow agreement affect Rithmās balance sheet and leverage ratios?
What is the marketās perception of Rithmās strategic shift toward fintechāoriginated consumer credit?
Are there any regulatory or compliance risks tied to the acquisition of Upgradeās loan book?
Is there any upside or downside risk to the credit quality of Upgradeās loan portfolio?
Will the acquisition materially affect Rithmās dividend policy or share buyāback plans?
How will this deal impact Rithmās exposure to the residential realāestate cycle and consumer spending trends?
What is the duration and renewal option of the oneāyear forward flow agreement?