Rithm Capital Corp, a Real Estate Investment Trust (REIT) announced that it has entered into a definitive agreement to acquire Computershare Mortgage Services (CMS). This acquisition is valued at approximately $720 million and signals a new chapter for CMS as they look towards growth opportunities.
CMS is a full-service mortgage loan servicer, currently servicing over 3 million homeowners with approximately $400 billion in outstanding mortgage loan balances. Rithm is eager to acquire CMS’s experienced team and resources and utilize their platform to grow their existing loan servicing portfolio, and expand their geographic footprint.
The most important elements of this text include:
• Rithm Capital Corp is acquiring Computershare Mortgage Services Inc. for approximately $720 million
• CMS is a full-service mortgage loan servicer with 3 million homeowners and $400 billion in outstanding mortgage loan balances
• Rithm is looking to grow its existing loan servicing portfolio and expand its geographic footprint by utilizing the CMS platform
• The acquisition signals a new chapter for CMS as they look towards growth opportunities
You can read this full article at: https://www.housingwire.com/articles/rithm-to-acquire-msr-player-computershare-mortgage-services-for-720m/(subscription required)
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