Being an expert in real estate investments, Michael Nierenberg was appointed as the CEO of New Residential. Due to the commendable changes he brought in the company. Later in 2016 he was appointed as the chairman. Headquarters based in New York, New Residential company deals with investments in the real estate. Founded in 2011, the company was in the pursuit of gaining capital for its business where it successfully became a public firm.in the USA, the company has traded its finances through the Mortgage Servicing Rights where it has had immense capital. In addition, the company has traded in mortgage backed securities and real estate security among others.
In 2018, the company had a successful year courtesy of Michael Nierenberg where they aimed to achieve more success in the present years. Taking advantage of MSR, they recently gained an offering of over $400 million to put in its investments. Being in the real estate business for a number of year, he worked in various prominent companies. In Lehman Brothers, he worked in the mortgage market where he brought much success in the company. Currently, Michael Nierenberg works as a managing director in the Fortress Investment Group based in the USA. Previously, he still worked as a managing director in the Bank of America Merrill Lynch. In the company, he headed the department of global mortgages and security attached products.
Prior to that, Michael worked on the management committee and also as the same position as in Bank of America at JP. similarly, he had an over 10 years work experience at Bear Sterns where he held various respected positions such as heading in the foreign exchange with a specialty in trading, served in the board of directors among co heading in MBS in the department of structured products. Due to his vast experience and success in many reputable companies within the US, Michael Nierenberg New Residential landed in New Residential where he is currently bringing in so much success. He is an enthusiastic person when it comes to business matter and is able to listen and learn from other people ideas.