In a strategic move, the parent company of multichannel lender Newrez has acquired a significant stake in Great Ajax Corp. by purchasing 2.9 million shares of its common stock. This acquisition signifies a potential shift in the parent company’s investment portfolio and could have important implications for both companies in the mortgage industry.
Key points:
– Parent company of Newrez makes a significant investment in Great Ajax Corp.
– Purchase includes 2.9 million shares of common stock
– Move could signal a shift in investment strategy within the mortgage industry
– Implications of the acquisition for both companies are yet to be fully realized
You can read this full article at: https://www.housingwire.com/articles/rithm-capital-closes-deal-with-great-ajax/(subscription required)
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