This report does not constitute a rating action. 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 four million loans with $879 billion in unpaid principal balance as of Sept. 30, 2026. 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. DALLAS (S&P Global Ratings) Oct. 28, 2026--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: Senior leadership team that has
