Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 24

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 24
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Transfer of loans to REO(846)(128)(184)(1,158)Valuation (provision) reversal on loans— 508 — 508 Fair Value Adjustments Due To:Changes in instrument-specific credit risk(1,353)— (4,593)(5,946)Other factors4,599 — 5,377 9,976 Balance at March 31, 2025$354,003 $64,248 $3,092,102 $3,510,353 (A)Includes receivable modifications resulting in transfers between other assets and residential mortgage loans.Gain on Originated Residential Mortgage Loans, HFS, NetNewrez originates conventional, government-insured and nonconforming residential mortgage loans for sale and securitization. In connection with the sale or securitization of loans to the GSEs or mortgage investors, Rithm Capital reports gain on originated residential mortgage loans, HFS, net in the consolidated statements of operations. See Note 20 for detail on Rithm Capital’s continuing involvement in residential mortgage loan securitizations.The following table summarizes the components of gain on originated residential mortgage loans, HFS, net:Three Months EndedMarch 31,20252024Gain (loss) on residential mortgage loans originated and sold, net(A)$(159,650)$(124,113)Gain (loss) on settlement of residential mortgage loan origination derivative instruments(B)12,789 (15,524)MSRs retained on transfer of residential mortgage loans(C)319,148 215,939 Other(D)21,982 6,493 Realized gain on sale of originated residential mortgage loans, net194,269 82,795 Change in fair value of residential mortgage loans12,599 14,268 Change in fair value of interest rate lock commitments (Note 17)23,093 7,485 Change in fair value of derivative instruments (Note 17)(70,172)37,910 Gain on Originated Residential Mortgage Loans, HFS, Net$159,789 $142,458 (A)Includes residential mortgage loan origination fees of $197.6 million and $177.7 million in the three months ended March 31, 2025 and 2024, respectively. Includes gain on residential mortgage loan securitizations accounted for as sales of $15.4 million and no gain or loss for the three months ended March 31,