In December, Rithm completed its acquisition of Crestline Management, adding $17 billion in assets under management while growing its capacities in direct lending, fund liquidity solutions, insurance and reinsurance. In November, the company terminated a subservicing agreement with Onity Group subsidiary PHH Mortgage Corp., effective at the end of January 2026. The contract, which lasted for nearly a decade, was tied to a $33 billion portfolio that's comprised mostly of pre-2008 loans.