Discontinued — last reported Q3 '23
Business Segments · Interest Expense
Servicing — Interest Expense
New Residential Investment Corp. Servicing — Interest Expense increased by 2.7% to $83.85M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 48.0%, from $56.65M to $83.85M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ3 2023Nov 1, 2023
Rolls up toInterest Expense
How to read this metric
Lower interest expense relative to revenue is preferred, indicating efficient capital structure and favorable borrowing terms.
Detailed definition
The cost incurred by the servicing segment for borrowing funds to finance operations, MSR acquisitions, or warehouse lin...
Peer comparison
Universal metric for all capital-intensive businesses.
Metric ID:
ritm_segment_servicing_interest_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $18.64M | $43.2M | $12.75M | $33.71M | $41.1M | $56.65M | $70.25M | $81.07M | $81.61M | $83.85M |
| QoQ Change | — | +131.7% | -70.5% | +164.3% | +21.9% | +37.8% | +24.0% | +15.4% | +0.7% | +2.7% |
| YoY Change | — | — | — | — | +120.4% | +31.1% | +450.8% | +140.5% | +98.6% | +48.0% |
Range$12.75M – $83.85M
CAGR+95.1%
Avg YoY Growth+148.3%
Median YoY Growth+109.5%
Current Streak7 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — interest expense?
- New Residential Investment Corp. (NRZ) reported servicing — interest expense of $83.85M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — interest expense changed year-over-year?
- New Residential Investment Corp.'s servicing — interest expense increased by 48.0% year-over-year, from $56.65M to $83.85M.
- What does servicing — interest expense mean?
- The total cost of interest paid on debt used to support servicing operations.