Rithm Capital to Acquire Computershare Mortgage Services for USD 720m.

MANews-(C)2009-2023

US-based asset manager Rithm Capital Corp. (NYSE: RITM) has agreed to acquire US loan servicing provider Computershare Mortgage Services Inc. for USD 720m, to expand third-party servicing business, the company said.

The acquisition of Computershare Ltd. (ASX: CPU) includes Specialized Loan Servicing LLC (SLS).

The acquisition includes approximately USD136 bn in unpaid principal balance of mortgage servicing rights, of which USD 85bn is third-party servicing, along with SLS's origination services business.

Following the close of the transaction, SLS's portfolio and operations will be transitioned to and managed by Newrez LLC, a Rithm portfolio company.

Rithm intends to finance the...

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