The estimated Net Worth of Michael Nierenberg is at least $3.89 Milion dollars as of 19 April 2021. Mr. Nierenberg owns over 100,000 units of New Residential Investment Corp stock worth over $3,888,035 and over the last 10 years he sold NRZ stock worth over $0. In addition, he makes $0 as Chairman of the Board, President a Chief Executive Officer at New Residential Investment Corp.
Michael has made over 9 trades of the New Residential Investment Corp stock since 2014, according to the Form 4 filled with the SEC. Most recently he bought 100,000 units of NRZ stock worth $1,010,000 on 19 April 2021.
The largest trade he's ever made was exercising 1,708,708 units of New Residential Investment Corp stock on 26 June 2018 worth over $25,562,272. On average, Michael trades about 238,689 units every 141 days since 2014. As of 19 April 2021 he still owns at least 357,028 units of New Residential Investment Corp stock.
You can see the complete history of Mr. Nierenberg stock trades at the bottom of the page.
Michael Nierenberg serves as Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Nierenberg has been Chairman of the Board since May 2016 and a member of our Board of Directors since November 2013, when he was appointed as our Chief Executive Officer and President. Mr. Nierenberg is also a Managing Director at Fortress. Prior to becoming Chief Executive Officer of New Residential, Mr. Nierenberg served as managing director and head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch, with responsibility for all sales and trading activities within the division. Mr. Nierenberg joined Bank of America Merrill Lynch in November 2008 from JP Morgan, where he was head of Global Securitized Products and a member of the management committee of the investment bank. Prior to his tenure at JP Morgan, Mr. Nierenberg held a range of senior leadership positions during fourteen years with Bear Stearns, including head of interest rate and foreign exchange trading operations, co-head of structured products and co-head of mortgage-backed securities trading. From 2006 to 2008, he was a member of Bear Stearns’s Board of Directors. Mr. Nierenberg spent seven years at Lehman Brothers prior to joining Bear Stearns and was instrumental in building the company’s adjustable rate mortgage business.
Michael Nierenberg is 57, he's been the Chairman of the Board, President a Chief Executive Officer of New Residential Investment Corp since 2016. There are 7 older and 4 younger executives at New Residential Investment Corp. The oldest executive at New Residential Investment Corp is Douglas Jacobs, 73, who is the Independent Director.
Michael's mailing address filed with the SEC is 1345 AVENUE OF THE AMERICAS, 45 FL, , NEW YORK, NY, 10105.
Over the last 11 years, insiders at New Residential Investment Corp have traded over $475,640,163 worth of New Residential Investment Corp stock and bought 1,610,974 units worth $13,998,047 . The most active insiders traders include Wesley R Edens, Loan Servicing Solutions, L... a Michael Nierenberg. On average, New Residential Investment Corp executives and independent directors trade stock every 92 days with the average trade being worth of $15,375,068. The most recent stock trade was executed by Robert Mcginnis on 23 November 2021, trading 4,000 units of NRZ stock currently worth $100,720.
New Residential is a leading provider of capital and services to the mortgage and financial services industry. The Company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a portfolio of investments and operating businesses. New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments over time. New Residential's portfolio is composed of mortgage servicing related assets (including investments in operating entities consisting of servicing, origination, and affiliated businesses), residential securities (and associated called rights) and loans, and consumer loans. New Residential's investments in operating entities include its mortgage origination and servicing subsidiary, NewRez, and its special servicing division, Shellpoint Mortgage Servicing, as well as investments in affiliated businesses that provide services that are complementary to the origination and servicing businesses and other portfolios of mortgage related assets. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering over $3.4 billion in dividends to shareholders. New Residential is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York City.
New Residential Investment Corp executives and other stock owners filed with the SEC include: