For the last couple of years, mortgage servicing rights have received great support from different quarters. Mike Nierenberg is one of the key players in the mortgage market who has championed the investment potential of MSRs. The CEO and President of New Residential Investment Corp. believes that these rights hold a lot of promise for anyone willing to bank on them.
Mike Nierenberg is well known for his contributions to the market. His novel ideas have earned him admiration and praise from friends and foes alike. He has shown no signs of scaling down on his efforts as he works to leave a legacy in the industry.
The residential mortgage loan investment market holds a lot of promise for different market players who can leverage on the numerous opportunities available. Undervalued assets are proving to be a worthwhile venture according to Mike Nierenberg. Shrewd investment managers who can identify them on a regular basis stand a chance of reaping big.
Mike Nierenberg believes that MSRs fall squarely in this category of specialized assets. It is no wonder that New Residential Investment Corp. spent well over $114 billion in 2018 to acquire them. With strong business relationships and enough capital, firms can make the most of the benefits of mortgage servicing rights.
Mike Nierenberg however insists that one should be well-versed with both the pros and cons of the assets before opting to invest in them. Their impressive cash flow opportunities and the provision of scaling up are top on the pros list. The greatest downside is the need for critical business partnerships with potential sellers to enjoy all the gains on offer.
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