Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 17

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 17
---
 monthly basis. The loan servicer generally updates the FICO score when loans are refinanced or become delinquent. 

(C)Represents the percentage of the total principal balance of the pool that corresponds to adjustable rate mortgages.

(D)Represents the annualized rate of the prepayments during the quarter as a percentage of the total principal balance of the pool.

(E)Represents the annualized rate of the voluntary prepayments during the quarter as a percentage of the total principal balance of the pool.

(F)Represents the annualized rate of the involuntary prepayments (defaults) during the quarter as a percentage of the total principal balance of the pool.

(G)Represents the percentage of the total principal balance of the pool that corresponds to loans that are delinquent by 90 or more days.

Government and Government-Backed Securities

Our government and government-backed securities consist of Agency RMBS and U.S. Treasury securities. 

The following table summarizes our Agency RMBS and U.S. Treasury securities portfolio as of and for the nine months ended September 30, 2025 (dollars in thousands):

Gross UnrealizedAsset TypeOutstanding Face AmountAmortized Cost BasisGainsLossesCarryingValue(A)CountWeighted Average Life (Years)3-Month CPR(B)Outstanding Repurchase AgreementsAgency RMBS$8,560,928 $8,371,898 $171,501 $(5,364)$8,538,035 32 7.87.6 %$7,794,765 Treasury securities25,000 24,790 — — 24,790 1 0.2N/A— Total / Weighted Average$8,585,928 $8,396,688 $171,501 $(5,364)$8,562,825 33 7.8$7,794,765 

(A)Agency RMBS are held at fair value under the fair value option election. Treasury securities include $24.8 million of short-term Treasury bills held-to-maturity at amortized cost.

(B)Represents the annualized rate of the prepayments during the quarter as a percentage of the total amortized cost basis.

The following table summarizes the net interest spread of our government and government-backed securities portfolio as of September 30, 2025:

Net Interest Spread(A)Weighted average asset yield5.0 %Weighted average funding cost4.4 %Net Interest