Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 305

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 305
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 the receipt of expected net cash flows for this investment.The following table provides additional information regarding the servicer advance investments and related financing:UPB of Underlying Residential Mortgage LoansOutstanding Servicer AdvancesServicer Advances to UPB of Underlying Residential Mortgage LoansFace Amount of Secured Notes and Bonds PayableLTV(A)Cost of Funds(C)GrossNet(B)GrossNetDecember 31, 2024Servicer advance investments(D)$13,316,828 $298,945 2.2 %$258,183 85.0 %82.9 %6.3 %5.9 %December 31, 2023Servicer advance investments(D)$15,499,559 $320,630 2.1 %$278,845 84.1 %81.9 %7.5 %6.9 %(A)Based on outstanding servicer advances, excluding purchased but unsettled servicer advances.(B)Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve.(C)Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees.(D)The following table summarizes the types of advances included in servicer advance investments:December 31,20242023Principal and interest advances$51,135 $57,909 Escrow advances (taxes and insurance advances)137,072 149,346 Foreclosure advances110,738 113,375 Total$298,945 $320,630 

15. GOODWILL AND INTANGIBLE ASSETS

As a result of acquisitions, the Company recognized intangible assets in the form of management contracts, customer relationships, purchased technology, trademarks and trade names. The Company also recognized goodwill on certain acquisitions. Goodwill and intangible assets are presented within other assets on Rithm Capital’s consolidated balance sheets.The following table summarizes the carrying value of goodwill by reportable segment:Origination and ServicingResidential Transitional LendingAsset ManagementTotalBalance at December 31, 2022$29,468 $55,731 $— $85,199 Goodwill acquired(A)— — 46,658 46,658 Accumulated impairment loss— — — — Balance at December 31, 202329,468 55,731 46