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Rithm Capital Announces Forward Flow Agreement with Upgrade, Inc. to Acquire $1 Billion in Home Improvement Loans

1. RITM closed a $1 billion loan acquisition agreement with Upgrade, Inc. 2. This strategic move enhances RITM's investment portfolio in fintech and real estate.

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Why Bullish?

The acquisition will diversify RITM's portfolio, potentially increasing revenue. Similar past announcements have positively influenced stock performance.

How important is it?

This significant acquisition may attract investor interest, boosting market confidence in RITM's growth strategy.

Why Long Term?

This acquisition positions RITM for sustained growth in the fintech sector, with potential returns materializing over time.

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NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm” or the “Company”), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced it has closed a one-year forward flow agreement to acquire $1 billion in home improvement loans originated and serviced by Upgrade, Inc. (“Upgrade”), a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers. This acquisition enables Rithm to unde.

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