Through his years of experience in the investment sector, Mike Nierenberg has been able to garner the kind of expertise that is sought after by industry experts and investors alike. With his previous working experience at institutions such as JP Morgan, Bank of America Merrill Lynch, and Bear Stearns, Mike Nierenberg has been able to lead his current firm New Residential Investment Corp. quite impressively. As the organization’s chairman Mike Nierenberg, president and CEO, Mike Nierenberg has been integral to the developments that have taken place at New Residential Investment, which has just unveiled its common stock in an initial public offering (IPO).
With the real estate investment trust (REIT) offering new products and investment options, it would be accurate to state that the organization is thriving under Nierenberg’s leadership.
One such product comes in the form of mortgage servicing rights (MSRs), which is an efficient way to invest into real estate assets without having to buy properties.
These MSRs are used to tap into the cash flow that providing the mortgage services to a homeowner brings to the table. That is one of the reasons why over $3 trillion MSRs have been sold by banks since 2010.
Now, Mike Nierenberg has made these options available through New Residential Investment. This ensures that investors are able to tap into the opportunities offered by real estate investments without having to go through the hassles that come with investing into properties.
With this approach in mind, Mike Nierenberg and New Residential Investment aim to serve those who want to get the most out of their investments.
About Michael Nierenberg: www.corporationwiki.com/p/ia2v9/michael-nierenberg