Discontinued — last reported Q3 '23
Business Segments · Interest expense and warehouse line fees
Origination — Interest expense and warehouse line fees
New Residential Investment Corp. Origination — Interest expense and warehouse line fees 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 reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toInterest Expense
How to read this metric
Lower expenses relative to revenue indicate efficient capital management, while rising expenses may signal higher interest rates or increased reliance on expensive financing.
Detailed definition
This metric tracks the costs associated with financing the origination segment's loan inventory, including interest paid...
Peer comparison
Common expense category for mortgage lenders utilizing warehouse financing.
Metric ID:
ritm_segment_origination_interest_expense_and_warehouse_line_feesHistorical Data
16 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $18.96M | $18.96M | $37.78M | $37.78M | $29.44M | $29.44M | $27.58M | $27.58M | $31.35M | $31.35M | $30.00M | $30.00M | $28.61M | $28.61M | $30.73M | $30.73M |
| QoQ Change | — | +0.0% | +99.2% | +0.0% | -22.1% | +0.0% | -6.3% | +0.0% | +13.7% | +0.0% | -4.3% | +0.0% | -4.6% | +0.0% | +7.4% | +0.0% |
| YoY Change | — | — | — | — | — | — | +45.5% | +45.5% | -17.0% | -17.0% | +1.9% | +1.9% | +3.8% | +3.8% | -2.0% | -2.0% |
Range$18.96M – $37.78M
CAGR+13.7%
Avg YoY Growth+6.4%
Median YoY Growth+1.9%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s origination — interest expense and warehouse line fees?
- New Residential Investment Corp. (NRZ) reported origination — interest expense and warehouse line fees of $30.73M in Q3 2023.
- How has New Residential Investment Corp.'s origination — interest expense and warehouse line fees changed year-over-year?
- New Residential Investment Corp.'s origination — interest expense and warehouse line fees decreased by 2.0% year-over-year, from $31.35M to $30.73M.
- What does origination — interest expense and warehouse line fees mean?
- The cost of borrowing money to fund the origination of mortgage loans.