Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 287

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 287
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ization trusts where Rithm Capital is determined to be a primary beneficiary and, as a result, consolidates such trusts. The assets are measured based on the fair value of the more observable liabilities of such trusts under the CFE election. The obligations and liabilities of CFEs may only be satisfied with the assets of the respective consolidated CFEs, and creditors of the CFE do not have recourse to Rithm Capital Corp.The following table summarizes residential mortgage loans outstanding by loan type:December 31,20242023Outstanding Face AmountCarrying ValueLoanCountWeighted Average YieldWeighted Average Life (Years)(A)Carrying ValueInvestments of consolidated CFEs(B)$2,966,605 $2,791,027 7,996 5.8 %25.8$3,038,587 Residential mortgage loans, HFI, at fair value396,061 361,890 7,405 8.4 %4.5379,044 Residential Mortgage Loans, HFS:Acquired performing loans(C)56,469 51,011 1,668 7.7 %4.457,038 Acquired non-performing loans(D)19,403 15,659 234 9.1 %5.721,839 Total Residential Mortgage Loans, HFS$75,872 $66,670 1,902 8.1 %4.7$78,877 Residential Mortgage Loans, HFS, at Fair Value:Acquired performing loans(C)(E)422,680 408,421 1,679 5.8 %20.5400,603 Acquired non-performing loans(D)(E)294,104 270,879 1,311 4.8 %27.1204,950 Originated loans3,557,836 3,628,271 11,530 6.7 %29.11,856,312 Total Residential Mortgage Loans, HFS, at Fair Value$4,274,620 $4,307,571 14,520 6.5 %28.1$2,461,865 (A)For loans classified as Level 3 in the fair value hierarchy, the weighted average life is based on the expected timing of the receipt of cash flows. For Level 2 loans, the weighted average life is based on the contractual term of the loan