Discontinued — last reported Q3 '23
Business Segments · Interest Expense
Origination — Interest Expense
New Residential Investment Corp. Origination — Interest Expense remained flat by 0.0% to $30.73M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 2.0%, from $31.35M to $30.73M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ3 2023Nov 1, 2023
Rolls up toInterest Expense
How to read this metric
An increase may reflect higher debt levels or rising interest rates, potentially compressing net interest margins.
Detailed definition
The cost incurred by the origination segment for borrowing funds to finance operations, including warehouse lines of cre...
Peer comparison
Standard operating expense metric for all capital-intensive businesses.
Metric ID:
ritm_segment_origination_interest_expenseHistorical Data
20 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $18.96M | $18.96M | $37.78M | $37.78M | $46.59M | $46.59M | $29.44M | $29.44M | $27.58M | $27.58M | $31.35M | $31.35M | $34.99M | $34.99M | $30.00M | $30.00M | $28.61M | $28.61M | $30.73M | $30.73M |
| QoQ Change | — | +0.0% | +99.2% | +0.0% | +23.3% | +0.0% | -36.8% | +0.0% | -6.3% | +0.0% | +13.7% | +0.0% | +11.6% | +0.0% | -14.3% | +0.0% | -4.6% | +0.0% | +7.4% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +45.5% | +45.5% | -17.0% | -17.0% | -24.9% | -24.9% | +1.9% | +1.9% | +3.8% | +3.8% | -2.0% | -2.0% |
Range$18.96M – $46.59M
CAGR+10.7%
Avg YoY Growth+1.2%
Median YoY Growth-0.0%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s origination — interest expense?
- New Residential Investment Corp. (NRZ) reported origination — interest expense of $30.73M in Q3 2023.
- How has New Residential Investment Corp.'s origination — interest expense changed year-over-year?
- New Residential Investment Corp.'s origination — interest expense decreased by 2.0% year-over-year, from $31.35M to $30.73M.
- What does origination — interest expense mean?
- The total interest costs paid on debt used to fund the origination business.