Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 232

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 232
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,000 — IRLCs4,343,640 3,413,043 TBAs(C)16,258,921 17,402,824 Other commitments25,521 25,057 Foreign exchange forwards61,550 17,300 (A)Includes $3.1 billion notional of receive Secured Overnight Financing Rate (“SOFR”)/pay fixed of 3.6% and $5.9 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 66 months and 29 months, respectively, as of March 31, 2025. Includes $3.1 billion notional of receive SOFR/pay fixed of 3.6% and $5.9 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 71 months and 32 months, respectively, as of December 31, 2024. (B)Represents a $1.1 billion notional Eris SOFR swap future with maturity of 63 months that replicates cash flows of receive fixed/pay SOFR interest rate swaps.(C)Represents the notional amount of Agency RMBS classified as derivatives.

36

RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

The following table summarizes gain (loss) on derivatives and other hedging instruments and the related presentation on the consolidated statements of operations:Three Months Ended March 31,20252024Gain (Loss) on Originated Residential Mortgage Loans, HFS, Net(A):IRLCs$23,093 $7,485 TBAs (70,172)37,910 (47,079)45,395 Realized and Unrealized Gains (Losses), Net(B):Interest rate swaps(12,462)29,161 Interest rate futures5,981 — TBAs100,582 1,523 Treasury short sales(103)28,345 Other commitments— (17,097)Stock options39 — Foreign exchange forwards(1,387)— 92,650 41,932 Total Gain$45,571 $87,327 (A)Represents unrealized gain (loss).(B)Excludes $12.8 million gain and $15.