Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 254

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 254
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 a 50% interest.The following table summarizes the changes in the Company’s Level 3 financial liabilities for the periods presented:Level 3Asset-Backed Securities IssuedNotes Payable of CFEs - Consolidated FundsNotes Payable of CFEs - Residential Transition LoansExcess Spread FinancingNotes Receivable FinancingTotalBalance at December 31, 2024$185,460 $959,958 $859,023 $101,088 $377,227 $2,482,756 Transfers:Transfers out of Level 3(A)— (367,031)— — — (367,031)Gains (Losses) Included in Net Income:Servicing revenue, net(C)— — — 3,634 — 3,634 Other income(B)(4,833)(849)171 — 1,494 (4,017)Purchases, Issuance and Repayments:Repayments(11,592)— — — — (11,592)Other— — 566 (1)— 565 Balance at March 31, 2025$169,035 $592,078 $859,760 $104,721 $378,721 $2,104,315 (A)For the three months ended March 31, 2025, transfers out of Level 3 to Level 2 were primarily due to increased price transparency.(B)Gain (loss) recorded in earnings during the period is attributable to the change in unrealized gain (loss) relating to Level 3 financial liabilities still held at the reporting dates and realized gain (loss) recorded during the period. The full fair value change during the period was due to factors other than instrument-specific credit risk.(C)See Note 5 for further details on the components of servicing revenue, net.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

Level 3Asset-Backed Securities IssuedNotes Payable of CFEs - Consolidated FundsNotes Payable of CFEs - Residential Transition LoansExcess Spread FinancingNotes Receivable FinancingTotalBalance at December 31, 2023$235,770 $218,157 $318,998 $— $— $772,