Michael Nierenberg is the CEO and Board Chairman of New Residential Investment Corp. He was elected as CEO in 2013 and has acquired the most shares in the firm. New Residential Investment Corp. is a public real estate investment trust whose assets are listed on the New York Stock Exchange. The firm invests in and also provides with various options for anyone who wants to invest in residential real estate. NRZ invests in areas of Excess Mortgage Servicing Rights (MSRs), Servicer Advances, non-Agency residential mortgage-backed securities (RMBS) and also associated call rights. The firm’s investment managers and advisers implement strategies that are risk-free and provide a high profit.
Another area that New Residential Investment Corp. specializes is keeping up with the fluctuations in the interest rates and changing the firm’s policies always to gain profit from a change. Interest rates can also be a good thing for investment firms. NRZ investment managers and CEO Michael Nierenberg implement strategies that help the trust fight off challenges of always changing interest rates. They focus on using specialized assets that turn out to bring profit when the interest rates are high. Excess MSRs and non-Agency RMBS are those assets that they put forward. The act of active management is undertaken by the NRZ always to stay strong in the game of investing. Another form of a strategy used by the trust is acquiring undervalued assets for higher profits. As a plan to battling fluctuating interest rates, NRZ has procured reputable, mortgage and loan servicing companies.
New Residence Investment Corp. provides an opportunity for residential investors in the name of services advances. Services advances are advances that a mortgage service provider is reimbursed. These service advances are of high credit-quality and have no interest. Moreover, they can be repaid through the amounts acquired on the basic mortgage loans. This is a profitable method for real estate investors but should only be adopted from the investment companies that have been in the business for a while.
Michael Nierenberg is an extremely experienced and skilled businessman who has been in the investment industry for many years. Michael has also served at Global Mortgages as a Managing Director. He has worked at Bank of America Meryll Lynch and JP Morgan and before that spent 14 years at Bear Stearns where he was a member of Board of Directors with many other high positions.