Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 21

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 21
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$48,849 Escrow advances (taxes and insurance advances)123,599 Foreclosure advances104,254 Total$276,702 

Non-Agency Securities

Within our Non-Agency securities portfolio, we retain and own risk retention bonds from our securitizations that we do not consolidate in accordance with risk retention regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the rules promulgated thereunder. We also retain and own bonds from our consolidated private label mortgage securitizations which we eliminate in consolidation. The equity value is reflected in assets of consolidated CFEs and liabilities of consolidated CFEs on the consolidated balance sheets and is excluded from the tables below. As of June 30, 2025, 77.9% of our Non-Agency securities portfolio was related to bonds retained pursuant to required risk retention regulations.

The following table summarizes our Non-Agency securities portfolio as of and for the six months ended June 30, 2025 (dollars in thousands):

Asset TypeOutstanding Face Amount(A)Amortized Cost BasisGross UnrealizedCarrying Value(B)Outstanding Repurchase Agreements(C)GainsLossesNon-Agency securities$8,852,683 $689,682 $99,441 $(49,980)$739,143 $871,386 

(A)The total outstanding face amount includes residual, interest only and servicing strips for which no principal payment is expected.

(B)Fair value which is equal to carrying value for all securities.

(C)Includes repurchase agreements on Non-Agency securities retained through consolidated securitizations.

97

The following table summarizes the characteristics of our Non-Agency securities portfolio and of the collateral underlying our Non-Agency securities as of June 30, 2025 (dollars in thousands): 

Collateral Characteristics(A)Outstanding Face AmountAmortized Cost BasisCarrying ValueNumber of SecuritiesWeighted Average Life (Years)Weighted Average Coupon(B)Average Loan Age (Years)Collateral Factor(C)Three Month CPR(D)Delinquency(D)Cumulative Losses to DateTotal / weighted average$8,852,683 $689,682 $739,143 6064.24.1 %15.30.56.6 %3.1 %0.9 %

(A)Excludes $149.9 million carrying value of Non-Agency securities that are backed by assets other than residential mortgages.