Michael Nierenberg serves as the CEO and Board Chairman of New Residential. He earned the CEO position in 2013 and the Chairman in 2016. New Residential is a real estate investment trust that was founded on September 26th, 2011. It is traded publicly and had a financially successful 2018. The company has found fortune in focusing on mortgage servicing rights (MSRs) in the United States. They have also been financially effective investing in Excess MSRs, real estate securities, mortgage-backed securities, as well as traditional mortgage loans. New Residential is headquartered in New York.
New Residential looks to continue its 2018 success in 2019. They hope to do so under the direction of its CEO Michael Nierenberg. New Residential has taken advantage of the active MSR market and recently has come out with a $433 million offering. He’s a major player in the world of real estate investment.
He’s 55 years of age, and also serves a number of other esteemed positions. He had his come up at Lehman Brothers and was behind much of their success in the adjustable rate mortgage market. At Fortress, he serves as Managing Director. He also fulfilled the same position at Bank of America Merrill Lynch heading their Global Mortgages and Securitized Products division.
He joined Bank of America after serving the same position at JP Morgan. At JP Morgan, Nierenberg also worked on the management committee. Before this, he worked at Bear Sterns for fourteen years. Here, he held a number of prestigious positions. He was head of foreign exchange trading options, co-head of structured products MBSs. Michael Nierenberg additionally served on the Bear Stearn’s Board of Directors for three years (2006-2008). He’s had success at every level. His strong experience and knowledge in the real estate market have led him to have continued success at New Residential.
Michael Nierenberg’s: Twitter.