Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 127

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 127
---
793)Correspondent8,54272%12,52672%(3,984)Total Production by Channel$11,829100%$17,259100%$(5,430)Production by Product:Agency$5,50247%$9,37955%$(3,877)Government5,53847%7,16041%(1,622)Non-QM3893%4002%(11)Non-Agency3723%2732%99 Other28—%47—%(19)Total Production by Product$11,829100%$17,259100%$(5,430)% Purchase73 %71 %% Refinance27 %29 %

Three Months Ended(dollars in thousands)March 31, 2025December 31, 2024QoQ ChangeGain on originated residential mortgage loans, held-for-sale, net(A)(B)(C)(D)$152,945$187,731$(34,786)Pull through adjusted lock volume$12,451,587$16,512,821$(4,061,234)Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume, by Channel:Direct to Consumer3.20 %3.77 %Retail / Joint Venture3.48 %3.76 %Wholesale1.33 %1.59 %Correspondent0.55 %0.54 %Total Gain on Originated Residential Mortgage Loans, as a Percentage of Pull Through Adjusted Lock Volume1.23 %1.14 %

(A)Includes realized gains on loan sales and related new MSR capitalization, changes in repurchase reserves, changes in fair value of interest rate lock commitments, changes in fair value of residential mortgage loans, held-for-sale (“HFS”) and economic hedging gains and losses.

(B)Includes loan origination fees of $197.6 million and $226.5 million for the three months ended March 31, 2025 and December 31, 2024, respectively. 

(C)Represents gain on originated residential mortgage loans, HFS, net related to the origination business within the Origination and Servicing segment (Note 4 and Note 7 to our consolidated financial statements).

(D)Excludes MSR revenue on recaptured loan volume reported in the servicing segment.

83

Total gain on originated residential mortgage loans, HFS, net decreased $34.8 million to $152.