Discontinued — last reported Q3 '23
Business Segments · Amortization of Mortgage Servicing Rights (MSRs)
Servicing — Amortization of Mortgage Servicing Rights (MSRs)
New Residential Investment Corp. Servicing — Amortization of Mortgage Servicing Rights (MSRs) increased by 12.5% to $115.94M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 27.8%, from $90.75M to $115.94M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ2 2021
Last reportedQ3 2023Nov 1, 2023
Rolls up toAmortization of Mortgage Servicing Rights
How to read this metric
Higher amortization typically reflects faster prepayment speeds, which reduces the long-term value of the servicing asset.
Detailed definition
Reflects the systematic reduction of the carrying value of capitalized Mortgage Servicing Rights over the expected life...
Peer comparison
Universal metric for all companies holding MSRs on their balance sheet.
Metric ID:
ritm_segment_servicing_amortization_of_mortgage_servicing_rights_msrsHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $212.79M | $207.18M | $133.28M | $117.68M | $90.75M | $72.02M | $103.03M | $115.94M |
| QoQ Change | — | -2.6% | -35.7% | -11.7% | -22.9% | -20.6% | +43.1% | +12.5% |
| YoY Change | — | — | — | -44.7% | -56.2% | -46.0% | -12.4% | +27.8% |
Range$72.02M – $212.79M
CAGR-29.3%
Avg YoY Growth-26.3%
Median YoY Growth-44.7%
Current Streak2 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — amortization of mortgage servicing rights (msrs)?
- New Residential Investment Corp. (NRZ) reported servicing — amortization of mortgage servicing rights (msrs) of $115.94M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — amortization of mortgage servicing rights (msrs) changed year-over-year?
- New Residential Investment Corp.'s servicing — amortization of mortgage servicing rights (msrs) increased by 27.8% year-over-year, from $90.75M to $115.94M.
- What does servicing — amortization of mortgage servicing rights (msrs) mean?
- The periodic non-cash expense representing the gradual consumption of the value of mortgage servicing rights.