Mike Nierenberg: Can Excess MSR be used as Assets?
Mr. Nierenberg has always been about championing investment potential for excess mortgage servicing rights for a long time now. Being the president and CEO of New Residential Investment Corp, Mike Nierenberg has been working so hard as an innovator and also a leader in the investment market of residential mortgages.
If one is to become a successful investment manager, then they have to be constantly searching for undervalued assets. Mortgage servicing rights are a complex investment asset; thus, it is vital for one to have a deep understanding of it, through to the benefits and also limitations.
To achieve all this, Mike Nierenberg then had to fashion his financial career using an opportunistic investing mentality. Now, this is very dangerous as it is opportunistic and what will happen at the end of the tunnel cannot be foreseen. For one, therefore, to do this successfully, they need an in-depth understanding of residential mortgages. Mike Nierenberg acquired this skill when he was the head of global mortgages and his duty there was to securitize products businesses at the Bank of America Merrill Lynch. During this time, he was described to be one among the most highly skilled and knowledgeable persons in the mortgage industry rather business. After this experience at the bank, Mike Nierenberg has in several occasions illustrated opportunistic investing.
Author dcrecordsPosted on March 18, 2019 March 15, 2019 Categories COMPANY, Leader in BusinessTags securitize products businessesLeave a comment on Mike Nierenberg: Can Excess MSR be used as Assets?