Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 247

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 247
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40,877 $4,746,553 $4,736,131 $(10,422)

25

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

The following table summarizes the activity of residential mortgage loans, HFS and residential mortgage loans, HFI, at fair value on the consolidated balance sheets:Loans HFI, at Fair ValueLoans HFS, at Lower of Cost or Fair ValueLoans HFS, at Fair ValueTotal Balance at December 31, 2024$361,890 $66,670 $4,307,571 $4,736,131 Originations — — 27,450,957 27,450,957 Sales— — (29,550,058)(29,550,058)Purchases/additional fundings— — 1,952,393 1,952,393 Proceeds from repayments(22,140)(5,502)(61,482)(89,124)Transfer of loans from (to) other assets(A)— (687)19,464 18,777 Transfer of loans to REO(1,418)(345)(457)(2,220)Valuation reversal on loans— 830 — 830 Fair Value Adjustments due to:Changes in instrument-specific credit risk(1,304)— (4,204)(5,508)Other factors6,305 — 12,151 18,456 Balance at June 30, 2025$343,333 $60,966 $4,126,335 $4,530,634 (A)Includes receivable modifications resulting in transfers between other assets and residential mortgage loans.Gain on Originated Residential Mortgage Loans, HFS, NetNewrez originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. In connection with the sale or securitization of loans to the GSEs or mortgage investors, Rithm Capital recognizes gain on sale within gain on originated residential mortgage loans, HFS, net in the consolidated statements of operations. See Note 20 for detail on Rithm Capital’s continuing involvement in residential mortgage loan securitizations.The following table summarizes the components of gain on originated residential mortgage loans, HFS, net