By Colin Kellaher
Asset manager Rithm Capital has struck a deal to buy Computershare Mortgage Services and certain affiliated companies, including Specialized Loan Servicing, from Australia’s Computershare for about $720 million.
New York-based Rithm on Monday said the acquisition includes about $136 billion in unpaid principal balance of mortgage servicing rights, of which $85 billion is third-party servicing, along with Specialized’s origination services business.
Rithm said the deal, which boosts the third-party servicing business of its Newrez portfolio company to $180 billion, is slated to close in the first half of 2024.
Write to Colin Kellaher at colin.kellaher@wsj.com
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