Mike Nierenberg and the Use of Excess Mortgage Servicing Rights
Mike Nierenberg is the Chief Executive Officer, Chairman and President of New Residential Investment Corp, Managing Director of Fortress and previously served as director and head of Global Mortgages overseeing bank products. He has previously worked for various institutions holding different executive positions before venturing into the investment industry.
The Use of Excess Mortgage Servicing Rights
Mike Nierenberg has motivated many investors to involve in Excess Mortgage Servicing Rights through capital and stable long-term business partnerships. Successful investors use undervalued assets to capitalize and generate profits, but complex investments such as excess Mortgage servicing rights require a thorough understanding of the benefits and the accompanying limitations. However, financial markets currently deal with regulatory changes and demand for capital reserves when involved with excess Mortgage Servicing Rights.
Benefits and Limitations of Excess Mortgage Servicing Rights
Some of the benefits of excess Mortgage servicing rights include the ability to minimize impacts of interest rate changes, the opportunity for high cash flow, provision of a fresh and significant asset opportunity and the supply is strong. The more common limitations include pricing discrepancies and lack of essential occupation joint partnership.
Correcting Excess Mortgage Servicing Rights Challenges
The residential Mortgage investment industry has received several perspectives as a financial problem instead of an opportunity for investments. Mike Nierenberg, together with New Residential Investment Corp., help investors to developed innovative solutions of the financial market, for instance, development of a liquid market used for excess Mortgage servicing rights. A residential mortgage-backed security is one of the leading limitations and ignored by many investment managers as an opportunity for profits as highlighted by Mike Nierenberg.