Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 279

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 279
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 31, 2022$8,889,403 Originations(A)786,655 Proceeds from sales(B)(704,436)Change in Fair Value Due To:Realization of cash flows(C)(518,978)Change in valuation inputs and assumptions(46,706)Balance as of December 31, 20238,405,938 Acquisition700,207 Originations(A)1,396,154 Sales11,026 Change in Fair Value Due To:Realization of cash flows(C)(607,169)Change in valuation inputs and assumptions415,515 Balance as of December 31, 2024$10,321,671 (A)Represents MSRs retained on the sale of originated residential mortgage loans. Includes $54.4 million and $0.0 million of MSRs capitalized through co-issue with third-parties for the years ended December 31, 2024 and 2023, respectively.(B)Relates primarily to excess servicing cash flows sold on certain agency loans with a total UPB of approximately $91.4 billion during the year ended December 31, 2023. In connection with these sales, the Company recorded a gain of approximately $5.2 million during the period, which is included within change in fair value of MSRs and MSR financing receivables in the consolidated statements of operations. (C)Based on the paydown of the underlying residential mortgage loans.The following table summarizes components of servicing revenue, net:Year Ended December 31,202420232022Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$1,833,221 $1,735,060 $1,698,977 Ancillary and other fees160,098 124,297 132,377 Servicing fee revenue, net and fees1,993,319 1,859,357 1,831,354 Change in Fair Value Due To:Realization of cash flows(A)(602,241)(518,978)(631,120)Change in valuation inputs and assumptions, net of realized gains (losses)(B)434,667 (46,706)1,448,811 Change in fair value of derivative instruments— — (11,316)Gain (loss) on settlement of derivative instruments— — (79,041)Servicing Revenue, Net$1,825,745 $1,