New Residential Investment Corp. is a real estate investment trust that is carefully managed by Michael Nierenberg. Before coming to the New Residential family Michael held a number of high leadership roles in other companies. These roles provided him with the knowledge and experience used today to make New Residential the success that is. In November of 2013 Michael Nierenberg was appointed CEO of New Residential, then in May 2016 he was made a Chairman. Prior to this success at New Residential Michael had worked for Bank of America, JP Morgan, Bear Stearns and Lehman Brothers.
In his seven years at Lehman Brothers Michael was a key asset in forming the company’s adjustable rate mortgage business. He then moved on to working for Bear Stearns for fourteen years in many different capacities. Every capacity Michael worked in would relate to his future work at New Residential; including the two years he was on the board of directors. At Bear Stearns Michael held high positions regarding trading, interest rates and mortgages. Michael Nierenberg being a multi-tasker managed JP Morgan’s Global Securitized Products while serving on the management committee. Just before coming to New Residential Michael was working at Bank of America Merrill Lynch. At Bank of America he was both managing director and head of Global Mortgages and Securitized Products.
All this experience granted Michael Nierenberg the ability to obtain his position at New Residential Investment Corp. The corporation focuses on investing and managing mortgage related assets in the United States. Michael Nierenberg and his team use combined experience to remain one of the top real estate investment trusts in the U.S. Michael’s career that started off building a company’s adjustable mortgage rate business evolved toward more trading and investing in securities to keep shareholders happy. A main goal at New Residential is to secure assets that will generate a long-term cash flow and with Michael and his team this goal should absolutely be attainable.