Michael Nierenberg’s New Residential Poised for Success

New Residential Investment Corp. is a New York, NY based investment real estate investment trust specializing in residential mortgage loans. The firm is headed by one Mr. Michael Nierenberg, who took over as President and CEO of the firm in 2013.

Michael Nierenberg has extensive industry experience, heading Bank of America Merrill Lynch’s Global Mortgages and Securitized Products division from 2008 until coming on board with New Residential in 2013.

One major challenge of active asset management comes from the huge cash positions required much of the time to engage the market. When new opportunities arrive, speed is essential to capitalize. Michael Nierenberg and his team are making full use of co-investors to reduce this need for holding very large cash positions. Another strategy Michael Nierenberg and company are using to reduce cash requirements is the issuance of asset-backed notes.

Active management is time consuming and difficult at times. Michael Nierenberg and his company are meeting these challenges head on with creative approaches and the specialized knowledge it takes to succeed in the field.

With a recent market capitalization of $6.7 billion, it certainly appears that New Residential has what it takes to meet the challenges.

Learn more about Michael  : https://www.dailyforexreport.com/trusted-hands-new-residential-investment-corp-executive-leadership-team/

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