Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 310

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 310
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 on a gross basis on the consolidated balance sheets.(C)During the first quarter of 2024, a subsidiary of the Company entered into an agreement with an affiliate, which could result in the subsidiary being required to make a payment under certain circumstances dependent upon amounts realized from an investment of the affiliate, subject to a maximum amount of $25.5 million. The agreement is classified as a derivative liability and measured at fair value.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollars in tables in thousands, except share data)

The following table summarizes notional amounts related to derivatives and hedging:December 31,20242023Interest rate swaps(A)$8,995,000 $7,979,988 IRLCs3,413,043 2,757,060 Treasury short sales(B)— 1,800,000 TBAs(C)17,402,824 6,013,100 Other commitments25,057 — Foreign exchange forwards17,300 — (A)Includes $3.1 billion notional of receive Secured Overnight Financing Rate (“SOFR”)/pay fixed of 3.6% and $5.9 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 71 months and 32 months, respectively, as of December 31, 2024. Includes $8.0 billion notional of receive SOFR/pay fixed of 2.5% and $0.0 billion notional of receive fixed of 0.0%/pay SOFR with weighted average maturities of 32 months and 0 months, respectively, as of December 31, 2023. (B)Represents the notional amount of Treasury notes sold short.(C)Represents the notional amount of Agency RMBS, classified as derivatives.The following table summarizes gain (loss) on derivatives and other hedging instruments and the related presentation on the consolidated statements of operations:Year Ended December 31,202420232022Servicing Revenue, Net(A):TBAs$— $— $(15,205)Treasury futures— — (1,746)Options on Treasury futures— — 5,635 — — (11,316)Gain (Loss) on Originated Residential Mortgage Loans, HFS, Net(A):IRLCs(