Mike Nierenberg is the CEO of New Residential Investment Corporation (NR). He has experience working in mortgage loan investment markets. Nierenberg has held the position of Managing Director at Global Mortgages and Securitized Products at Bank of America and Merrill Lynch. By holding the position, he was able to gain experience with sales and trade activity. In 2018, He led NR to purchase over $114 billion in mortgage servicing rights(MSR).
Mike Nierenberg help create a liquid market for MSRs. He was the driving force behind New Residential’s using Fannie Mae and Freddie Mac MSRs throughout the United States. He makes investments and residential mortgage-backed securities (RMBS). He understands how to used residential mortgages. He has led his company to take advantage of using MSRs, and by having the qualifications to acquire MSRs throughout the United States is a smart business move on behalf of NR.
Mike Nierenberg leads a company that is considered a Real Estate Investment Trust. The company is valued at $6.7 billion dollars. It was once owned by Newcastle Investment corporation, but it would operate on its’ own beginning in 2013. Mike Nierenberg would prove to be a good leader, and he has taken challenges and positioned the company in a manner that would allow them to make very good investments regarding residential Mortgages. Mike Nierenberg has been the CEO since 2013.
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