Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 20

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 20
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ATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

6. GOVERNMENT AND GOVERNMENT-BACKED SECURITIES

Government and government-backed securities include Agency securities issued by the GSEs or Ginnie Mae and U.S. Treasury (“Treasury”) securities. The following tables summarize Agency and Treasury securities by designation:March 31, 2025December 31,2024Gross UnrealizedWeighted AverageOutstanding Face AmountGainsLossesCarrying Value(A)Number of SecuritiesCouponYieldLife (Years)(B)Carrying Value(A)Securities Designated as AFS:Agency(C)(D)$68,354 $— $— $60,630 1 3.5 %3.5 %11.2$60,135 Securities Measured at Fair Value through Net Income (“FVO”):Agency(C)7,827,454 61,666 (10,200)7,691,274 23 5.1 %5.1 %7.96,390,508Treasury(C)3,250,000 14,648 — 3,272,031 3 4.5 %4.5 %1.43,260,703Total / Weighted Average$11,145,808 $76,314 $(10,200)$11,023,935 27 4.9 %4.9 %6.0$9,711,346 (A)Fair value is equal to the carrying value for all securities. See Note 19 regarding the fair value measurements.(B)Based on the timing of expected principal reduction on the underlying assets.(C)All fixed-rate  as of March 31, 2025.(D)Expected loss is realized through allowance for credit losses. The following table summarizes Treasury securities, held-to-maturity (“HTM”):March 31, 2025December 31,2024Weighted AverageOutstanding Face AmountAmortized Cost / Carrying ValueFair ValueUnrecognized Gains /(Losses)Number of SecuritiesYieldLife (Years)Amortized Cost / Carrying ValueTreasury Securities Designated as HTM:Treasury$25,000 $24,766 $24,767 $1 1 4.2 %0.2$24,770 The following