Production Tanks at Rithm, MSR Markups Save the Day

Inside Mortgage Finance, Nov. 2, 2022–Paul Muolo
Rithm Capital Corp., the third largest owner of mortgage servicing rights in the nation, saw its originations tank by almost 28% in the third quarter but managed to post a net profit of $124 million for the period by marking up the asset value of its MSRs.
https://www.insidemortgagefinance.com/articles/226114-production-tanks-at-rithm-msr-markups-save-the-day?v=preview