Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 282

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 282
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35 

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

is obligated to fund amounts in excess of their respective capital commitments, regardless of the capital requirements of Advance Purchaser. The following table summarizes servicer advance investments, including the right to the base fee component of the related MSRs:Amortized Cost BasisCarrying Value(A)Weighted Average Discount RateWeighted Average YieldWeighted Average Life (Years)(B)September 30, 2025Servicer advance investments$290,757 $302,278 6.5 %6.9 %8.0December 31, 2024Servicer advance investments$327,471 $339,646 6.5 %6.9 %7.6(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)GrossNetSeptember 30, 2025Servicer advance investments(D)$12,224,189 $264,921 2.2 %$231,018 84.5 %82.5 %6.2 %5.6 %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:September 30, 2025December 31,