Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 14

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 14
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,566 (6,842)— (44,846)Other income, net25 11,479 274 3,969 37 15,784 Total Other Income (Loss)(65,232)14,166 24,840 (2,873)37 (29,062)Income (Loss) before Income Taxes366,314 26,440 41,089 (29,681)(23,263)380,899 Income tax expense (benefit)96,201 1,248 (333)(3,704)— 93,412 Net Income (Loss)270,113 25,192 41,422 (25,977)(23,263)287,487 Noncontrolling interests in income of consolidated subsidiaries55 2,037 — 1,360 — 3,452 Net Income (Loss) Attributable to Rithm Capital Corp.270,058 23,155 41,422 (27,337)(23,263)284,035 Dividends on preferred stock— — — — 22,395 22,395 Net Income (Loss) Attributable to Common Stockholders$270,058 $23,155 $41,422 $(27,337)$(45,658)$261,640 (A)The Origination and Servicing segment’s other segment expenses primarily include expenses related to loan origination and servicing, information technology, occupancy and legal and professional services. The Investment Portfolio segment’s other segment expenses primarily include expenses related to loan servicing and property and maintenance. The Residential Transitional Lending segment’s other segment expenses primarily include expenses related to loan origination, occupancy and information technology. The Asset Management segment’s other segment expenses primarily include expenses related to legal and professional services, information technology and occupancy.

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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)

5. MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES

The following table summarizes activity related to MSRs and MSR financing receivables:Balance at December 31, 2024$10,321,671 Originations(A)348,988 Sales664 Change in Fair Value Due To:Realization of cash flows(B)(148,042)