Newrez originated $15.9 billion in mortgages in the second quarter, up 3% quarter over quarter and down 2% year over year. “Both channels combined now [comprise] 40% of our overall originations, which is up 11% quarter over quarter.” On the servicing side, Newrez ended the second quarter with $865 billion in unpaid principal balance, including $268 billion of third-party servicing. Overall, Rithm reported net income of $67.9 million in Q2, down from $109.4 million in the prior quarter. We have the likelihood of higher rates for longer, which plays extremely well for our business when you think about an $850 billion MSR portfolio,” Michael Nierenberg, chairman, CEO and president of Rithm Capital, told analysts.