Newrez LLC is a nonbank mortgage servicer and subsidiary of Rithm Capital Corp. Along with its special servicing division, Shellpoint Mortgage Servicing, it services approximately 3.75 million loans with $774.16 billion in unpaid principal balance as of Dec. 31, 2024. We affirmed our overall ABOVE AVERAGE rankings on Newrez LLC as a residential mortgage loan primary and special servicer. The ranking outlook is stable for each ranking. NEW YORK (S&P Global Ratings) May 12, 2025--S&P Global Ratings today affirmed its ABOVE AVERAGE rankings on Newrez LLC (Newrez) as a residential mortgage loan primary and special servicer. The ranking outlook is stable for each ranking. Our rankings reflect Newrez's: Well-experienced senior leadership team with experience in primary and special servicing; Multi-channel