Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 26

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 26
---
 carrying value of consumer loans:March 31, 2025December 31, 2024Days Past DueUPBCarrying Value(A)Carrying Value Over (Under) UPBUPBCarrying Value(A)Carrying Value Over (Under) UPBSpringCastle:Current$188,399 $197,088 $8,689 $203,923 $214,746 $10,823 90+4,245 4,380 135 4,383 4,562 179 Total SpringCastle192,644 201,468 8,824 208,306 219,308 11,002 Marcus:Current$337,889 $338,903 1,014 $438,712 $438,712 $— 90+132,584 13,797 (118,787)120,605 7,545 (113,060)Total Marcus470,473 352,700 (117,773)559,317 446,257 (113,060)$663,117 $554,168 $(108,949)$767,623 $665,565 $(102,058)(A)Consumer loans are carried at fair value. See Note 19 regarding fair value measurements.

24

RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

The following table summarizes the activity for consumer loans for the period:Balance at December 31, 2024$665,565 Additional fundings(A)6,595 Proceeds from repayments(111,102)Accretion of loan discount and premium amortization, net5,923 Fair Value Adjustments Due To:Changes in instrument-specific credit risk(2,003)Other factors(10,810)Balance at March 31, 2025$554,168 (A)Represents draws on consumer loans with revolving privileges.

9. SINGLE-FAMILY RENTAL PROPERTIES

Rithm Capital invests in its SFR portfolio by acquiring and maintaining a geographically diversified portfolio of high-quality single-family homes and leasing them to high-quality residents. SFR properties HFI are carried at cost less accumulated depreciation and impairment. SFR properties HFS are managed for near term sale and disposition and are measured at the lower of carrying