Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 205

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 205
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,891 Change in Fair Value Due To:Realization of cash flows(A)(146,891)(116,839)Change in valuation inputs and assumptions, net of realized gains (losses)(B)(395,025)201,014 Servicing Revenue, Net$28,885 $554,066 (A)Net of $1.2 million of realization of cash flows related to excess spread financing for the three months ended March 31, 2025. There was no excess spread financing during the three months ended March 31, 2024 (Note 12).(B)Net of $(4.8) million of change in valuation inputs and assumptions related to excess spread financing for the three months ended March 31, 2025. There was no excess spread financing during the three months ended March 31, 2024 (Note 12).The following table summarizes MSRs and MSR financing receivables by type as of March 31, 2025 and December 31, 2024:UPB of Underlying MortgagesWeighted Average Life (Years)(A)Carrying Value(B)March 31, 2025GSE$382,089,209 6.4$6,195,239 Non-Agency69,089,498 5.4830,163 Ginnie Mae(C)139,936,290 6.33,107,639 Total / Weighted Average$591,114,997 6.3$10,133,041 December 31, 2024GSE$383,014,320 6.5$6,413,199 Non-Agency70,022,636 5.4836,408 Ginnie Mae(C)137,177,395 6.43,072,064 Total / Weighted Average$590,214,351 6.4$10,321,671 (A)Represents the weighted average expected timing of the receipt of expected cash flows for this investment.(B)Represents the fair value for this investment. As of March 31, 2025 and December 31, 2024, weighted average discount rates of 8.9% (range of 8.8% – 10.3%) and 8.9% (range of 8.7% - 10.3%), respectively, were used to value Rithm Capital’s MSRs and MSR financing receivables.(C)