Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 321

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 321
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 fund loans at origination through the sale date.

The tables below provide selected operating statistics for our Origination and Servicing segment:

UPBThree Months Ended(in millions)March 31, 2025% of TotalDecember 31, 2024% of TotalQoQ ChangeProduction by Channel:Direct to Consumer$1,17010%$1,66110%$(491)Retail / Joint Venture5805%7424%(162)Wholesale1,53713%2,33014%(793)Correspondent8,54272%12,52672%(3,984)Total Production by Channel$11,829100%$17,259100%$(5,430)Production by Product:Agency$5,50247%$9,37955%$(3,877)Government5,53847%7,16041%(1,622)Non-QM3893%4002%(11)Non-Agency3723%2732%99 Other28—%47—%(19)Total Production by Product$11,829100%$17,259100%$(5,430)% Purchase73 %71 %% Refinance27 %29 %

Three Months Ended(dollars in thousands)March 31, 2025December 31, 2024QoQ ChangeGain on originated residential mortgage loans, held-for-sale, net(A)(B)(C)(D)$152,945$187,731$(34,786)Pull through adjusted lock volume$12,451,587$16,512,821$(4,061,234)Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume, by Channel:Direct to Consumer3.20 %3.77 %Retail / Joint Venture3.48 %3.76 %Wholesale1.33 %1.59 %Correspondent0.55 %0.54 %Total Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume1.23 %1.14 %

(A)Includes realized gains on loan sales and related new MSR capitalization, changes in repurchase reserves, changes in fair value of interest rate lock commitments, changes in fair value of residential mortgage loans, held-for-sale (“HFS”) and economic hedging gains and losses.

(B)Includes loan origination fees of $197.6 million and $226.5 million for the three months