Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 254

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 254
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 foreclosure costs. The following table summarizes the past due status and difference between the aggregate UPB and the aggregate carrying value of loans included in residential transition loans, at fair value on the consolidated balance sheets:June 30, 2025December 31, 2024Days Past DueUPBCarrying ValueCarrying Value Over (Under) UPBUPBCarrying ValueCarrying Value Over (Under) UPBCurrent$2,446,520 $2,454,473 $7,953 $2,117,479 $2,128,802 $11,323 90+46,423 43,291 (3,132)55,234 49,273 (5,961)Total$2,492,943 $2,497,764 $4,821 $2,172,713 $2,178,075 $5,362 

See Note 18 regarding the financing of residential transition loans. 

11. CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

Rithm Capital considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits.Restricted cash consists of cash collateral pledges related to secured financing and securitizations, lease obligations and cash proceeds held in a trust account from the IPO of the SPAC that can only be used for purposes of completing an initial business combination or redemption of the SPAC’s Class A ordinary shares as set forth in the SPAC trust agreement.The following table provides a reconciliation of cash and cash equivalents and restricted cash reported on Rithm Capital’s consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:June 30,2025December 31,2024Cash and cash equivalents$1,600,948 $1,458,743 Restricted cash485,402 308,443 Restricted cash of consolidated CFEs(A)64,534 150,623 Total Cash and Cash Equivalents and Restricted Cash$2,150,884 $1,917,809 (A)    Presented within investments, at fair value and other assets on the consolidated balance sheets.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables