Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 119

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 119
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 subject to a maximum amount of $25.5 million. During the first quarter of 2025, the Company entered into a consolidated joint venture with a third party to invest in an affiliated fund. The third party’s interest is subject to a redemption right after a certain period. The Company separately accounts for the redemption right as a derivative with a fair value of $3.0 million as of June 30, 2025. 

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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)

The following table summarizes notional amounts related to derivatives and hedging:June 30, 2025December 31, 2024Interest rate swaps(A)$8,395,000 $8,995,000 Interest rate futures(B)3,335,000 — IRLCs4,720,463 3,413,043 TBAs(C)17,196,491 17,402,824 Other commitments28,480 25,057 Foreign exchange forwards68,215 17,300 (A)Includes $1.8 billion notional of receive Secured Overnight Financing Rate (“SOFR”)/pay fixed of 3.3% and $6.6 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 90 months and 36 months, respectively, as of June 30, 2025. Includes $3.1 billion notional of receive SOFR/pay fixed of 3.6% and $5.9 billion notional of receive fixed of 3.8%/pay SOFR with weighted average maturities of 71 months and 32 months, respectively, as of December 31, 2024. (B)Represents a $3.3 billion notional Eris SOFR swap future with weighted average maturity of 43 months that replicates cash flows of receive fixed/pay SOFR interest rate swaps.(C)Represents the notional amount of Agency RMBS classified as derivatives.The following table summarizes gain (loss) on derivatives and other hedging instruments and the related presentation on the consolidated statements of operations:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Servicing Revenue, Net:TBAs$19,749 $1,042 $120,