Positioning for the Next CRE and Credit Market Cycles with Michael Nierenberg

Video Description

Willy was joined by Michael Nierenberg, Chief Executive Officer of Rithm Capital, a diversified global asset manager with a growing footprint across private credit and real estate assets. Together, they discussed the evolution of Rithm Capital into a scaled asset management platform, the health of the U.S. consumer and asset-based lending markets, housing trends across single-family and multifamily, strategic shifts in the banking industry, and the macro outlook, including AI investment and today’s market risks. Key Points In The Webcast: 00:00 Introduction 01:27 Willy introduces Michael Nierenberg 02:23 The history of Rithm and what it is now 06:08 What differentiates Rithm from its competitors 09:59 How much of Rithm is B2B and B2C 12:24 Overview of the U.S. consumer in 2026 17:20 Goldman vs. Morgan: Strategic paths post-GFC 20:25 The power of commercial banking 22:21 The future of institutional single-family rentals 26:28 Is U.S. housing healthy right now? 31:26 AI disruption and the reality of the labor market 33:34 AI investment surge and market implications 36:36 Data center investments 39:15 Gold, equities, and speculation 40:58 Why should we be concerned about credit? 44:04 2026 themes and investment focus GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk Apple Podcasts: https://podcasts.apple.com/us/podcast/driven-by-insight/id1540843402 Spotify: https://open.spotify.com/show/1z3wDGMAjtscNhKWJfXs7L Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards.