Newrez posts strong Q2 profit, eyes $65B in originations for 2026

Newrez delivered a higher profit in the second quarter of 2026 as its mortgage servicing performance improved and originations increased compared to the prior quarter. Executives at parent company Rithm Capital said Tuesday that the company is projected to originate about $65 billion this year, compared to $63.4 billion in 2025. “Results were driven by our disciplined origination strategies, higher servicing fees, and despite interest rate volatility, higher recapture and lower amortization,” Baron Silverstein, president of Newrez, told analysts during an earnings call. The multichannel lender and servicer reported pretax operating income of $307.6 million in Q2 2026, up from $273.7 million in Q1 2026, according to filings with the Securities and Exchange Commission (SEC). The figure excludes a $194.5 million mark-to-market loss on mortgage servicing rights (MSRs), hedge impacts and other nonoperating items. Newrez originated $15.9 billion in mortgages in the second quarter, up 3% quarter over quarter and down 2% year over year. The company’s gain-on-sale margin was 1.64% in Q2, up from 1.44% in the prior quarter. “We maintained pricing discipline, did not chase market share, and s...