Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 292

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 292
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 it is not the primary beneficiary and does not consolidate the VIE. The following table summarizes the 

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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)

carrying value of the Company’s membership interest, which reflects the Company’s maximum exposure to loss. This equity investment is presented within other assets on the consolidated balance sheets:March 31, 2025December 31, 2024Membership interest in unconsolidated VIEs$194,378 $194,410 Noncontrolling InterestsNoncontrolling interests represent the ownership interests in certain consolidated subsidiaries held by entities or persons other than Rithm Capital, and it is presented as a separate component of equity on the Company’s consolidated balance sheets. These interests are related to noncontrolling interests in consolidated entities that hold servicer advance investments (Note 14), the Newrez Joint Ventures, consumer loans (Note 8), asset management investments, Excess MSRs and other investments.Others’ interests in the equity of consolidated subsidiaries is computed as follows:March 31, 2025December 31, 2024Total Consolidated EquityOthers' Ownership InterestNoncontrolling Interest in Equity of Consolidated SubsidiariesTotal Consolidated EquityOthers' Ownership InterestNoncontrolling Interest in Equity of Consolidated SubsidiariesAdvance Purchaser$87,547 10.7 %$9,361 $91,384 10.7 %$9,770 Newrez Joint Ventures18,234 49.5 %9,100 19,621 49.5 %9,687 Excess MSRs131,347 20.0 %26,269 136,645 20.0 %27,329 Other investments89,810 25.7 %23,058 50,778 10.0 %4,608 Asset management917,145 n/m40,928 844,669 n/m(B)39,942 Others’ interests in the net income (loss) of consolidated subsidiaries is computed as follows:     Three Months Ended March 31,20252024Net Income (Loss)Others’ Ownership Interest as a Percent of TotalNoncontrolling Interest in Income (Loss) of Consolidated SubsidiariesNet Income (Loss)Others’ Ownership