Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 269

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 269
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915,194 Other(D)15,663 11,464 52,039 32,006 Realized gain on sale of originated residential mortgage loans, net135,168 165,233 488,683 410,009 Change in fair value of residential mortgage loans44,175 22,987 81,846 28,348 Change in fair value of interest rate lock commitments (Note 17)(29,957)15,711 9,271 8,379 Change in fair value of derivative instruments (Note 17)46,922 (19,236)(54,005)34,158 Gain on Originated Residential Mortgage Loans, HFS, Net$196,308 $184,695 $525,795 $480,894 (A)Includes residential mortgage loan origination fees of $296.4 million and $289.0 million in the three months ended September 30, 2025 and 2024, respectively, and $742.3 million and $700.4 million in the nine months ended September 30, 2025 and 2024, respectively. Includes gain on residential mortgage loan securitizations accounted for as sales of $(0.8) million and $17.0 million for the three months ended September 30, 2025 and 2024, respectively, and $24.2 million and $17.0 million for the nine months ended September 30, 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.

8. CONSUMER LOANS

Rithm Capital’s consumer loan portfolio consists of (i) consumer loans acquired from Upgrade, Inc. (the “Upgrade loans” or “Upgrade”), (ii) consumer loans acquired from Goldman Sachs Bank USA (the “Marcus loans” or “Marcus”) and (iii) consumer loans acquired from SpringCastle (the “SpringCastle loans” or “SpringCastle”), which the Company now owns a 100% interest in upon the acquisition of the remaining interest in June 2024. The Upgrade portfolio includes fixed-rate consumer home improvement loans; the Marcus portfolio includes unsecured fixed-rate closed-end installment loans; and the SpringCastle portfolio