Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 34

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 34
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 Non-Agency securities held in our investment portfolio.

During the three months ended and six months ended June 30, 2025, interest rates remained elevated, although decreased in comparison to the three months ended March 31, 2025 and to the six months ended June 30, 2024, respectively. Changes in interest rates can inversely impact a borrower’s ability or willingness to enter into mortgage transactions, including residential, business purpose and commercial loans. Lower interest rates also decrease our financing costs.

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Summary of Results of Operations

The following table summarizes the changes in our results of operations for the three months ended June 30, 2025 compared to the three months ended March 31, 2025 and the six months ended June 30, 2025 compared to the six months ended June 30, 2024. Our results of operations are not necessarily indicative of our future performance (dollars in thousands).

Three Months EndedSix Months Ended June 30,June 30,2025March 31, 202520252024QoQ ChangeYoY ChangeRevenuesServicing fee revenue, net and interest income from MSRs and MSR financing receivables$574,817 $570,801 $1,145,618 $968,869 $4,016 $176,749 Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(176,680), $(146,891), $(323,571) and $(281,977), respectively)(155,005)(333,378)(488,383)(122,966)178,373 (365,417)Servicing revenue, net419,812 237,423 657,235 845,903 182,389 (188,668)Interest income478,455 441,260 919,715 913,448 37,195 6,267 Gain on originated residential mortgage loans, HFS, net169,698 159,789 329,487 296,199 9,909 33,288 Other revenues54,066 50,773 104,839 114,848 3,293 (10,009)Asset management revenues95,008 87,672 182,680 180,384 7,336 2,296 1,217,039 976,917 2,193,956 2,350