Michael Nierenberg is the president, CEO and chairman of the board of New Residential Investment Corporation. He has been a member of the board of directors since 2013. Prior to his tenure at New Residential, he served as the manager of mortgages and securitized products at Bank of America. Over the last fourteen years Michael Nierenberg held a variety of senior management positions in securities and finance. Michael Nierenberg’s skills as a manager, plus his knowledge and experience in international finance are the foundation for his success at New Residential Investment Corporation.
According to Michael, the housing market is a twenty-eight trillion dollar industry. There is always money to be made in the mortgage world. Through his leadership New Residential continues to seek new opportunities in the mortgage industry. New Residential Investment Corporation, is a publicly traded “REIT”, real estate investment trust. Much of the revenue generated by the company is through investing in MSR’s, (mortgage servicing rights), and residential backed mortgage securities. The attractive return on investments produced by New Residential; are due in part to the experience and knowledge of the executives lead by Michael Nierenberg.
Since the last financial crisis, the mortgage industry has dramatically changed the way mortgagees are originated and serviced. New Residential plans to profit on the changes in the mortgage industry. According to Michael Nierenberg, there is always an opportunity to make money in the twenty-eight trillion dollar mortgage industry.
About Michael Nierenberg: www.reuters.com/finance/stocks/company-officers/NRZ