Jan. 8 at 1:39 PM
$RITM This has to get NewRez spun off as a REIT, like
$PFSI done with
$PMT. And it needs done last week! If we become a C Corp.......we will see RITM explode in price. The only difference in us and PFSI is we are a REIT and they spun off the REIT. I really wish they would get this done......it is just costing us all money delaying in getting it done. We all know a year or 2 from now RITM will not be a REIT, Michael has already said that. They just need to pull the lever, spin it off to shareholders and sell about 15-20% of the spin off to fund RITM. The way they are trying to do it is to make sure RITM is on solid footing before they spin out NewRez......and I personally think that is not the best way to do it. They are burning money, short changing us on dividends and making small progress. They need to just get it done!!
