Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 37

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 37
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-investor nor Rithm Capital is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of Advance Purchaser. The following table summarizes servicer advance investments, including the right to the base fee component of the related MSRs:Amortized Cost BasisCarrying Value(A)Weighted Average Discount RateWeighted Average YieldWeighted Average Life (Years)(B)March 31, 2025Servicer advance investments$311,049 $321,531 6.5 %6.8 %8.1December 31, 2024Servicer advance investments$327,471 $339,646 6.5 %6.9 %7.6(A)Represents the fair value of the servicer advance investments, including the base fee component of the related MSRs.(B)Represents the weighted average expected timing of the receipt of expected net cash flows for this investment.The following table provides additional information regarding the servicer advance investments and related financing:UPB of Underlying Residential Mortgage LoansOutstanding Servicer AdvancesServicer Advances to UPB of Underlying Residential Mortgage LoansFace Amount of Secured Notes and Bonds PayableLTV(A)Cost of Funds(C)GrossNet(B)GrossNetMarch 31, 2025Servicer advance investments(D)$12,955,658 $283,068 2.2 %$246,438 84.4 %82.5 %6.2 %5.8 %December 31, 2024Servicer advance investments(D)$13,316,828 $298,945 2.2 %$258,183 85.0 %82.9 %6.3 %5.9 %(A)Based on outstanding servicer advances, excluding purchased but unsettled servicer advances.(B)Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve.(C)Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees.(D)The following table summarizes the types of advances included in servicer advance investments:March 31, 2025December 31, 2024Principal and interest advances$46,378 $51,135 Escrow advances (taxes and insurance advances)130,494 137,072 Foreclosure advances