Discontinued — last reported Q3 '23
Business Segments · Net Income
Origination — Net Income
New Residential Investment Corp. Origination — Net Income remained flat by 0.0% to -$9.35M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 78.2%, from -$42.97M to -$9.35M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toNet Income
How to read this metric
Higher values indicate superior segment-level profitability and contribution to the parent company.
Detailed definition
The final bottom-line profit or loss of the origination segment after all expenses, taxes, and noncontrolling interest a...
Peer comparison
Standard 'Segment Net Income' metric used across the mortgage and financial services industry.
Metric ID:
ritm_segment_origination_net_incomeHistorical 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 | $56.32M | $56.32M | $145.21M | $145.21M | $20.03M | $20.03M | -$19.83M | -$19.83M | -$42.97M | -$42.97M | -$24.41M | -$24.41M | -$8.13M | -$8.13M | -$9.35M | -$9.35M |
| QoQ Change | — | +0.0% | +157.8% | +0.0% | -86.2% | +0.0% | -199.0% | +0.0% | -116.7% | +0.0% | +43.2% | +0.0% | +66.7% | +0.0% | -15.0% | +0.0% |
| YoY Change | — | — | — | — | — | — | -135.2% | -135.2% | -129.6% | -129.6% | -221.9% | -221.9% | +59.0% | +59.0% | +78.2% | +78.2% |
Range-$42.97M – $145.21M
CAGR-38.0%
Avg YoY Growth-69.9%
Median YoY Growth-129.6%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s origination — net income?
- New Residential Investment Corp. (NRZ) reported origination — net income of -$9.35M in Q3 2023.
- How has New Residential Investment Corp.'s origination — net income changed year-over-year?
- New Residential Investment Corp.'s origination — net income increased by 78.2% year-over-year, from -$42.97M to -$9.35M.
- What does origination — net income mean?
- The total net profit or loss generated by the mortgage origination segment.