Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 91

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 91
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2420252024Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$518,371 $453,989 $1,045,181 $884,103 Ancillary and other fees56,446 44,989 100,437 84,766 Servicing fee revenue, net and fees574,817 498,978 1,145,618 968,869 Change in Fair Value due to:Realization of cash flows(A)(176,680)(165,138)(323,571)(281,977)Change in valuation inputs and assumptions, net of realized gains (losses)(B)(8,807)97,240 (403,832)298,254 Gains (losses) on MSR economic hedges30,482 (73,986)239,020 (139,243)Servicing Revenue, Net$419,812 $357,094 $657,235 $845,903 (A)Net of $1.3 million and $2.2 million of realization of cash flows related to MSR financing liability for the three months ended June 30, 2025 and 2024, respectively, and $2.5 million and $2.2 million for the six months ended June 30, 2025 and 2024, respectively (Note 12).(B)Net of $8.0 million and $6.8 million of change in valuation inputs and assumptions related to MSR financing liability for the three months ended June 30, 2025 and 2024, respectively, and $3.2 million and $6.8 million for the six months ended June 30, 2025 and 2024, respectively (Note 12).The following table summarizes MSRs and MSR financing receivables by type as of June 30, 2025 and December 31, 2024:UPB of Underlying MortgagesWeighted Average Life (Years)(A)Carrying Value(B)June 30, 2025GSE$380,862,890 6.5$6,301,384 Non-Agency68,547,361 5.7795,130 Ginnie Mae143,313,085 6.33,263,549 Total / Weighted Average$592,723,336 6.4$10,360,063 December 31, 2024GSE