Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 214

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 214
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 nonconforming residential mortgage loans for sale and securitization. In connection with the sale or securitization of loans to the GSEs or mortgage investors, Rithm Capital reports gain on originated residential mortgage loans, HFS, net in the consolidated statements of operations. See Note 20 for detail on Rithm Capital’s continuing involvement in residential mortgage loan securitizations.The following table summarizes the components of gain on originated residential mortgage loans, HFS, net:Three Months EndedMarch 31,20252024Gain (loss) on residential mortgage loans originated and sold, net(A)$(159,650)$(124,113)Gain (loss) on settlement of residential mortgage loan origination derivative instruments(B)12,789 (15,524)MSRs retained on transfer of residential mortgage loans(C)319,148 215,939 Other(D)21,982 6,493 Realized gain on sale of originated residential mortgage loans, net194,269 82,795 Change in fair value of residential mortgage loans12,599 14,268 Change in fair value of interest rate lock commitments (Note 17)23,093 7,485 Change in fair value of derivative instruments (Note 17)(70,172)37,910 Gain on Originated Residential Mortgage Loans, HFS, Net$159,789 $142,458 (A)Includes residential mortgage loan origination fees of $197.6 million and $177.7 million in the three months ended March 31, 2025 and 2024, respectively. Includes gain on residential mortgage loan securitizations accounted for as sales of $15.4 million and no gain or loss for the three months ended March 31, 2025 and 2024, respectively. (B)Represents settlement of forward securities delivery commitments utilized as an economic hedge for mortgage loans not included within forward loan sale commitments.(C)Represents the initial fair value of the capitalized MSRs upon loan sales with servicing retained.(D)Includes fees for services associated with the residential mortgage loan origination process.

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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)

8. CONSUMER LOANS

Rithm Capital’s consumer loan portfolio consists of (i) consumer loans acquired from Goldman Sachs Bank USA (the