Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 192

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 192
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.8 %Net Income941,492 630,674 310,818 49.3 %Noncontrolling interests in income of consolidated subsidiaries9,989 8,417 1,572 18.7 %Dividends on preferred stock96,456 89,579 6,877 7.7 %Net Income Attributable to Common Stockholders$835,047 $532,678 $302,369 56.8 %

Percentage changes in the table above deemed “n/m” are not meaningful.

93

Servicing Revenue, Net

Servicing revenue, net consists of the following:

Year Ended December 31,Increase (Decrease)(dollars in thousands)20242023Amount%Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$1,833,221 $1,735,060 $98,161 5.7 %Ancillary and other fees160,098 124,297 35,801 28.8 %Servicing fee revenue, net and fees1,993,319 1,859,357 133,962 7.2 %Change in fair value due to:Realization of cash flows (602,241)(518,978)(83,263)(16.0)%Change in valuation inputs and assumptions, net of realized gains (losses)(A)434,667 (46,706)481,373 1030.6 %Servicing Revenue, Net$1,825,745 $1,293,673 $532,072 41.1 %

(A)The following table summarizes the components of servicing revenue, net related to changes in valuation inputs and assumptions: 

Year Ended December 31,Increase (Decrease)(dollars in thousands)20242023Amount%Changes in interest rates and prepayment rates$929,830 $206,970 $722,860 349.3 %Changes in discount rates28,189 11,122 17,067 153.5 %Changes in other factors(523,352)(264,798)(258,554)(97.6)%Change in Valuation and Assumptions$434,667 $(46,706)$481,373 1030.6 %

The table below summarizes the UPB of our MSRs, MSR financing receivables and third-party servicing:

Unpaid Principal Balance