Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 290

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 290
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,934 959,958 4,188,915 Accrued expenses and other liabilities1,975 1,854 — 226 1,589 — 1,099 17,626 140,604 164,973 Total Liabilities$260,158 $1,854 $384,948 $185,686 $1,589 $— $860,122 $2,387,560 $1,100,562 $5,182,479 (A)Reflect assets of consolidated CFEs - investments, at fair value and other assets and liabilities of consolidated CFEs - notes payable, at fair value and other liabilities on the consolidated balance sheets.

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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)

Non-Consolidated VIEsThe Company transfers residential mortgage loans to securitization trusts, classified as VIEs and retains the right to service the transferred loans. The Company also retains interest in such VIEs pursuant to required risk retention regulations. The Company does not consolidate such VIEs, as it is not considered the primary beneficiary. The following table summarizes the carrying value of notes issued by unconsolidated VIEs and retained by the Company, which reflects the Company’s maximum exposure to loss, as well as the UPB of transferred loans. The retained notes are presented as non-Agency securities, at fair value within other assets on the consolidated balance sheets:March 31, 2025December 31, 2024Residential mortgage loan UPB and other collateral$8,562,559$8,152,970Weighted average delinquency(A)4.7%5.2%Net credit losses$162,406$161,646Face amount of debt held by third parties$7,923,955$7,532,832Carrying value of notes retained by Rithm Capital(B)(C)$555,393$532,845Cash flows received by Rithm Capital on these notes$23,416$94,589(A)Represents the percentage of the UPB that is 60+ days delinquent.(B)Includes real estate bonds retained pursuant to required risk retention regulations.(C)Classified within Level 3 of the fair value hierarchy as the valuation is based on