Meet Mike Nierenberg: New Residential Corp. Head

Financial services companies can’t be successful without insightful and competent leaders to identify opportunities in the real estate investment trusts. New Residential Investment Corp is one of the REITs who leverages ingredients such as flexible capital, industry insight, and fundamental business relationships to take advantage of opportunities which comes with residential mortgage loans.

New Residential Investment Corp. is headed by Mike Nierenberg, a highly successful executive member in the business. New Residential Corp. focuses on investments in residential mortgage backed securities, excess mortgage servicing rights, residential mortgage loans as well as other opportunistic investments. Any one in the business can tell you that if you don’t trust your natural instincts, you will probably fail.

New Residential Corp. targets assets which generate long-term cash flows. Without Mike Nierenberg, the firm would not have been where it is now. Prior to New Residential, he served at Bank of America Merrill Lynch as managing director as well as head of global mortgages as well as securitized products. Michael Nierenberg Bear Stearns headed JP Morgan’s Global Securitized Products. Mr. Nierenberg also worked at Bear Stearns for 14 years holding various senior leadership positions. He joined the Board of Directors of Bear Stearns in 20006. He also worked at Lehman Brothers to build the adjustable rate mortgage business of the company.

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