Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 266

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 266
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 Other Securities ValuationReal estate and other securities valuation methodology and results are detailed below. Increased (decreased) prepayment speeds, default rates, or loss severity assumptions would decrease (increase) valuations. Generally, a change in default rate assumption is accompanied by a directionally similar change in loss severity assumptions. Treasury securities are valued using market-based prices published by the U.S. Department of the Treasury and are classified as Level 1.Fair ValueAsset TypeOutstanding Face AmountAmortized Cost BasisMultiple Quotes(A)Single Quote(B)TotalLevelMarch 31, 2025Government-backed securities(C)$7,895,808 $7,708,001 $7,751,904 $— $7,751,904 2 CLOs(D)268,896 260,448 227,934 38,678 266,612 2 & 3Non-Agency and other securities(D)8,913,777 595,327 613,613 25,845 639,458 3 Total$17,078,481 $8,563,776 $8,593,451 $64,523 $8,657,974 December 31, 2024Government-backed securities(C)$6,672,189 $6,510,235 $6,450,643 $— $6,450,643 2 CLOs(D)243,355 234,397 217,049 25,178 242,227 2 & 3Non-Agency and other securities(D)8,962,730 515,262 529,146 23,651 552,797 3 Total$15,878,274 $7,259,894 $7,196,838 $48,829 $7,245,667 (A)Rithm Capital generally obtains pricing service quotations or broker quotations from two sources. Rithm Capital evaluates quotes received, determines one as being most representative of fair value and does not use an average of the quotes. Even if Rithm Capital receives two or more quotes on a particular security that come from non-selling brokers or pricing services, it does not use an average because it believes using an actual quote more closely represents a transactable price for the security than an average level. Furthermore, in some cases, for non-Agency securities, there is a wide disparity between the quotes Rithm Capital