Rithm Says to Watch the Pockets of Rising Consumer Delinquencies

Rithm Capital Corp., a money manager and lender focusing on assets including mortgages, is watching consumer delinquencies closely to get a better handle on credit markets.

More borrowers are falling behind on credit cards and auto loans, said Michael Nierenberg, chief executive officer of the firm that oversees more than $40 billion of assets. It’s a signal that pandemic era stimulus is fading and consumer stress is mounting.