Rithm Capital is considering a strategic move to help their overall stock performance. Executives believe that spinning off their mortgage division may result in a positive net benefit.
This move is being proposed as a way to help the stock of Rithm Capital, which has been described as undervalued. By spinning off this part of the business, the company hopes to increase the potential returns for their investors. It is estimated that the move may also open up the way for further investments and possible expansion for the firm.
The key elements of this text include:
-Rithm Capital is considering spinning off the mortgage division
-Stock is considered undervalued by executives
-This move is proposed to increase potential returns on investments
-It is also estimated that this move could open up possibilities for further expansion
You can read this full article at: https://www.housingwire.com/articles/rithm-capital-might-spin-off-its-mortgage-biz/(subscription required)
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