Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 227

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 227
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6(A)Represents the fair value of the servicer advance investments, including the base fee component of the related MSRs.(B)Represents the weighted average expected timing of the receipt of expected net cash flows for this investment.The following table provides additional information regarding the servicer advance investments and related financing:UPB of Underlying Residential Mortgage LoansOutstanding Servicer AdvancesServicer Advances to UPB of Underlying Residential Mortgage LoansFace Amount of Secured Notes and Bonds PayableLTV(A)Cost of Funds(C)GrossNet(B)GrossNetMarch 31, 2025Servicer advance investments(D)$12,955,658 $283,068 2.2 %$246,438 84.4 %82.5 %6.2 %5.8 %December 31, 2024Servicer advance investments(D)$13,316,828 $298,945 2.2 %$258,183 85.0 %82.9 %6.3 %5.9 %(A)Based on outstanding servicer advances, excluding purchased but unsettled servicer advances.(B)Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve.(C)Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees.(D)The following table summarizes the types of advances included in servicer advance investments:March 31, 2025December 31, 2024Principal and interest advances$46,378 $51,135 Escrow advances (taxes and insurance advances)130,494 137,072 Foreclosure advances106,196 110,738 Total$283,068 $298,945 

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

15. GOODWILL AND INTANGIBLE ASSETS

As a result of acquisitions, the Company recognized intangible assets in the form of management contracts, customer relationships, purchased technology, trademarks and trade names. The Company also recognized goodwill on certain acquisitions. Goodwill and intangible assets are presented within other assets on Rithm Capital’s consolidated balance sheets.The following table summarizes the carrying value of goodwill by reportable