Discontinued — last reported Q3 '23
Business Segments · Interest Income
Servicing — Interest Income
New Residential Investment Corp. Servicing — Interest Income increased by 24.1% to $127.47M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 128.3%, from $55.84M to $127.47M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2023Nov 1, 2023
Rolls up toTotal Interest Income
How to read this metric
An increase indicates higher yields on assets or larger cash balances, while a decrease suggests lower interest rate environments or reduced asset levels.
Detailed definition
This metric represents the interest income generated from cash balances, financing receivables, and other interest-beari...
Peer comparison
Standard interest income line item for financial services segments holding interest-bearing assets.
Metric ID:
ritm_segment_servicing_interest_incomeHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.32M | -$2.73M | $7.17M | $11.35M | $16.76M | $55.84M | $68.73M | $84.23M | $102.69M | $127.47M |
| QoQ Change | — | -124.1% | +362.7% | +58.4% | +47.6% | +233.3% | +23.1% | +22.6% | +21.9% | +24.1% |
| YoY Change | — | — | — | — | +48.1% | >999% | +858.8% | +641.9% | +512.8% | +128.3% |
Range-$2.73M – $127.47M
CAGR+193.4%
Avg YoY Growth+722.7%
Median YoY Growth+577.4%
Current Streak8 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — interest income?
- New Residential Investment Corp. (NRZ) reported servicing — interest income of $127.47M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — interest income changed year-over-year?
- New Residential Investment Corp.'s servicing — interest income increased by 128.3% year-over-year, from $55.84M to $127.47M.
- What does servicing — interest income mean?
- Interest earned on cash and financing assets within the servicing business segment.