Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 90

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 90
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1,619 4,123 — 145,060 Net Income (Loss)477,690 60,781 71,141 (13)(83,595)526,004 Noncontrolling interests in income of consolidated subsidiaries1,071 3,147 — 2,195 — 6,413 Net Income (Loss) Attributable to Rithm Capital Corp.476,619 57,634 71,141 (2,208)(83,595)519,591 Dividends on preferred stock— — — — 44,790 44,790 Net Income (Loss) Attributable to Common Stockholders$476,619 $57,634 $71,141 $(2,208)$(128,385)$474,801 (A)The Origination and Servicing segment’s other segment expenses primarily include expenses related to loan origination and servicing, information technology and property and maintenance. The Investment Portfolio segment’s other segment expenses primarily include expenses related to legal and professional services, loan servicing and property and maintenance. The Residential Transitional Lending segment’s other segment expenses primarily include expenses related to loan origination. The Asset Management segment’s other segment expenses primarily include expenses related to legal and professional services, information technology and occupancy.

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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)

5. MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES

The following table summarizes activity related to MSRs and MSR financing receivables:Balance at December 31, 2024$10,321,671 Originations(A)768,969 Sales2,524 Change in Fair Value due to:Realization of cash flows(B)(326,043)Change in valuation inputs and assumptions(407,058)Balance at June 30, 2025$10,360,063 (A)Represents MSRs retained on the sale of originated residential mortgage loans. Includes $72.7 million of MSRs capitalized through co-issue with third parties for the six months ended June 30, 2025.(B)Based on the paydown of the underlying residential mortgage loans.The following table summarizes components of servicing revenue, net:Three Months EndedJune 30,Six Months EndedJune 30,202520