Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 148

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 148
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R Financing LiabilityNotes Receivable FinancingTotalBalance at March 31, 2025$169,035 $592,078 $859,760 $104,721 $378,721 $2,104,315 Transfers:Transfers out of Level 3(A)— (368,843)— — — (368,843)Gains (Losses) Included in Net Income:Servicing revenue, net(C)— — — (9,332)— (9,332)Other income(B)2,841 1,431 2,712 — 2,407 9,391 Purchases, Issuance and Repayments:Repayments(11,443)— — (34,450)— (45,893)Other— — 566 1 — 567 Balance at June 30, 2025$160,433 $224,666 $863,038 $60,940 $381,128 $1,690,205 (A)For the three months ended June 30, 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.Level 3Asset-Backed Securities IssuedNotes Payable of CFEs - Consolidated FundsNotes Payable of CFEs - Residential Transition LoansMSR Financing LiabilityNotes 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)— (735,874)— — — (735,874)Gains (Losses) Included in Net Income:Servicing revenue, net(C)— — — (5,698)— (5,698)Other income(B)(1,992)582 2,883 — 3,901 5,374 Purchases, Iss