Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 118

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 118
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 its interest in servicer advance investments through a consolidated subsidiary, Advance Purchaser LLC (“Advance Purchaser”), in which it has an ownership interest of 89.3%. The noncontrolling third-party co-investor and Rithm Capital have funded all their capital commitments. Advance Purchaser may recall $71.9 million and $602.0 million of capital distributed to the third-party co-investor and Rithm Capital, respectively. Neither the third-party co-investor nor Rithm Capital 

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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)

is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of Advance Purchaser. The following table summarizes servicer advance investments, including the right to the base fee component of the related MSRs:Amortized Cost BasisCarrying Value(A)Weighted Average Discount RateWeighted Average YieldWeighted Average Life (Years)(B)September 30, 2025Servicer advance investments$290,757 $302,278 6.5 %6.9 %8.0December 31, 2024Servicer advance investments$327,471 $339,646 6.5 %6.9 %7.6(A)Represents the fair value of the servicer advance investments, including the base fee component of the related MSRs.(B)Represents the weighted average expected timing of the receipt of expected net cash flows for this investment.The following table provides additional information regarding the servicer advance investments and related financing:UPB of Underlying Residential Mortgage LoansOutstanding Servicer AdvancesServicer Advances to UPB of Underlying Residential Mortgage LoansFace Amount of Secured Notes and Bonds PayableLTV(A)Cost of Funds(C)GrossNet(B)GrossNetSeptember 30, 2025Servicer advance investments(D)$12,224,189 $264,921 2.2 %$231,018 84.5 %82.5 %6.2 %5.6 %December 31, 2024Servicer advance investments(D)$13,316,828 $298,945 2.2 %$258,183 85.0 %82.9 %6.3 %5.9