Rithm Capital acquires $1.4B of consumer loans from Goldman, Bloomberg reports

Real estate investment trust Rithm Capital (RITM) took on $1.4B of loans from Goldman Sachs (GS) as the Wall Street giant rid itself of consumer borrowings from its Marcus unit, Bloomberg’s Simone Foxman reports. Rithm, which invests in financial services assets, bought the bank’s unsecured consumer loans at a discount to face value, according to Chief Executive Officer Michael Nierenberg, who disclosed the size of the purchase. The portfolio of loans Rithm purchased were to borrowers with an average FICO score of 735, he said.