Rithm Capital Shows Why All Mortgage REITs Are Not the Same
The past year has been exceedingly difficult for companies in the mortgage industry. Rising interest rates choked off mortgage origination volume and ate away at the value of companies that held mortgage-backed securities as investments.
Rithm Capital (NYSE: RITM) is a combination mortgage originator and mortgage real estate investment trust (REIT). While most mortgage REITs have cut their dividends, Rithm has been able to maintain its dividend. What is it doing differently?
The Federal Reserve building. Image Source: Getty Images.
Source Fool.com
