Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 153

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 153
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31, 2025December 31, 2024March 31, 2024QoQ ChangeYoY ChangeChanges in interest rates and prepayment rates$(341,713)$992,639 $270,174 $(1,334,352)$(611,887)Changes in discount rates(4,323)(31,811)— 27,488 (4,323)Changes in other factors(48,989)(216,864)(69,160)167,875 20,171 Change in Valuation and Assumptions$(395,025)$743,964 $201,014 $(1,138,989)$(596,039)

The table below summarizes the UPB of our MSRs, MSR financing receivables and third-party servicing:

UPB(dollars in millions)March 31,2025December 31,2024March 31,2024QoQ ChangeYoY ChangeGSE$447,489 $454,430 $357,963 $(6,941)$89,526 Non-Agency254,347 246,313 159,664 8,034 94,683 Ginnie Mae143,020 143,097 129,914 (77)13,106 Total$844,856 $843,840 $647,541 $1,016 $197,315 

The table below summarizes the total UPB of our servicing portfolio (owned MSRs and third-party servicing) by Performing Servicing, Special Servicing and serviced by third-parties:

UPB(dollars in millions)March 31,2025December 31,2024March 31,2024QoQ ChangeYoY ChangePerforming Servicing$516,840 $514,044 $450,735 $2,796 $66,105 Special Servicing269,718 264,375 126,752 5,343 142,966 Serviced by third-parties58,298 65,421 70,054 (7,123)(11,756)Total Servicing Portfolio$844,856 $843,840 $647,541 $1,016 $197,315 

Three months ended March 31, 2025 compared to the three months ended December 31, 2024

Servicing revenue, net decreased $1.1 billion, primarily driven by