Dec. 07, 2022 10:43 AM ET

• Rithm Capital has undergone some critical changes just as the mortgage market roiled under rising interest rates this year.
• A quality asset portfolio with solid management should sail through the rate storm to calmer waters.
• While we avoid the common today, we are buying the RITM FtF Series C Preferred at $17.50 per share with its YTC of 23.80%.

Rithm Capital Stock_ The Preferreds Move Better (NYSE_RITM) _ Seeking Alpha