Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 38

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 38
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 of cash flows driven by higher prepayment speeds. The decrease was partially offset by (i) a change from net losses to net gains on MSR economic hedges, including government and government-backed securities and TBAs, and (ii) increased servicing revenue as a result of a $54.1 billion increase in servicing UPB and prospective classification of certain servicing costs to loan servicing expense within general and administrative in 2025.

Interest Income

Three months ended June 30, 2025 compared to the three months ended March 31, 2025

Interest income for the three months ended June 30, 2025 increased $37.2 million, primarily driven by higher average custodial account balances during the second quarter, partially offset by a reduced securities portfolio.

Six months ended June 30, 2025 compared to the six months ended June 30, 2024

Interest income for the six months ended June 30, 2025 increased $6.3 million, primarily driven by higher average custodial account balances during the six months ended June 30, 2025, partially offset by a reduced securities portfolio.

Gain on Originated Residential Mortgage Loans, HFS, Net

The following table provides information regarding gain on originated residential mortgage loans, HFS, net as a percentage of pull through adjusted lock volume, by channel:

Three Months EndedSix Months Ended June 30,(dollars in thousands)June 30,2025March 31, 202520252024Pull through adjusted lock volume$16,656,627$12,451,587$29,108,214$26,978,189Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume, by Channel:Direct to Consumer3.39 %3.20 %3.30 %3.81 %Retail / Joint Venture3.49 %3.48 %3.49 %3.66 %Wholesale1.22 %1.33 %1.27 %1.27 %Correspondent0.43 %0.55 %0.48 %0.46 %Total Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume1.04 %1.23 %1.12 %1.09 %

The following table summarizes funded loan production by channel:

UPBThree Months EndedSix Months Ended June 30,(dollars in millions)