Newrez bets on tech as MSR losses drag Q4 results

Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings.  

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Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s…