Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 168

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 168
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%0.6 %Weighted Average1.1 %0.9 %0.1 %0.5 %

(A)Includes GSE and Non-Agency MSRs of $23.8 billion and $41.7 billion underlying UPB, respectively, serviced by third-party subservicers.

(B)Based on the weighted average of information provided by the loan servicer on a monthly basis. The loan servicer generally updates the FICO score when loans are refinanced or become delinquent. 

(C)Represents the percentage of the total principal balance of the pool that corresponds to adjustable rate mortgages.

(D)Represents the annualized rate of the prepayments during the quarter as a percentage of the total principal balance of the pool.

(E)Represents the annualized rate of the voluntary prepayments during the quarter as a percentage of the total principal balance of the pool.

(F)Represents the annualized rate of the involuntary prepayments (defaults) during the quarter as a percentage of the total principal balance of the pool.

(G)Represents the percentage of the total principal balance of the pool that corresponds to loans that are delinquent by 90 or more days.

Government and Government-Backed Securities

Our government and government-backed securities consist of Agency RMBS and U.S. Treasury securities. 

The following table summarizes our Agency RMBS and U.S. Treasury securities portfolio as of December 31, 2024 (dollars in thousands):

Gross UnrealizedAsset TypeOutstanding Face AmountAmortized Cost BasisGainsLossesCarryingValue(A)CountWeighted Average Life (Years)3-Month CPR(B)Outstanding Repurchase AgreementsAgency RMBS$6,672,189 $6,501,239 $428 $(51,024)$6,450,643 43 5.76.2 %$6,528,957 Treasury securities3,275,000 3,282,152 4,102 (781)3,285,473 4 1.9 N/A 3,254,019 Total / Weighted Average$9,947,189 $9,783,391 $4,530 $(51,805)$9,736,116 47 4.4$9,782,976 

(A)Agency RMS are held at fair value under the fair value option (“FVO”) election. Treasury securities include $